Skip to main content

Full text of "International Herald Tribune , 1994, France, English"

See other formats 


al 


t 


Herald 


INTERNATIONAL 


\-4 


tribune 


PUBLISHED  WITH  THE  NEW  YORK  TIMES  AND  THE  WASHINGTON  POST 


Stock  Prices 
Tumble  in 
Europe  and 
U.S.  Markets 

New  Sign  of  Inflation 
Sends  Jitters  Through 
Investors  Worldwide 


London,  Thnrsday,  October  6, 1994 


No  34.712 


- - \ 


‘ NEWYORK— Fears  of  mnaUoninthe 

expanding  U.S.  economy  — and  higher 
''  interest  rates  that  may  follow  — battered 
V securities  prices  in  the  United  States  and 
Europe  on  Wednesday. 

Yieldson  long-term  U.S.  Treasury 

■ bonds  approached  8 percent  for  the  first 
time  in  more  than  two  years,  while  the 

- Dow  Jones  industrial  average  lost  ground 
‘ r-  for  the  tlnrd  straight  day.  The  dollar  weak- 
, ened  against  major  currencies. 

:,W  Major  European  stock  indexes  dropped, 

- with  ^ DAX  index  in  Frankfurt  faUhc 
1J1  percent  and  the  Financial  Time^ 
Stock  Exchange  100-share  index  in  Lon- 
don  losing  1.52  percent 

j;’4  \ ‘The  market  is  headed  south  for  a while 
.f*!-  until  fears  .of  inflation  and  higher  interest 

■ • “-L  rales  subside,”  said  Peter  Cardfllo,  market 
-•i  strategist  at  WestfaKa  Investments. 

L ; X Fuel  for  the  sell-off  Wednesday  came 
from  a government  report  showing  a 4.4 
y- ■ percent  increase  in  orders  to  U.S.  factories 
. in  August,- the  largest  gain  in  nearly  two 
' years.  The  report  also  showed  that  ship- 
ments rose  by  4S  percent,  the  biggest  gain 
. in  15  years.- 

Thc  report's  influence  was  exaggerated 
by  the  foct'fhaiit  came  two  days  before  the 
govemmcnt  is  $et  4o  release  employment 
...  data  fn  September.  If  the  Labor  Depart- 
ment rtportsstrong  job  growth  for  Sep- 

• tember  on  Friday,  the  Federal  Reserve 
‘ •>-  Board  win  almost  surely  push  up  key  imer- 

• * * est  rates,  analysts  said. 

“The’feworyorders  were  the  icing  on 
the  cake,”  said  Ian  Blance,  global  econo- 
mist ai  Nfldco  Europe.  “People  are  expect- 
inn  the  Federal  Reservc  to  do  something  in 

the'next  fevr^TO^' 

Die  UlSlr^riafbank  has  already  raised 
short-term  iriSSSst  rates  five  times  this 
yeartakecp^Lation  m check  as  the  econ-... 
omy  grows?  ’Bht  higher  trending  interest 
rato  borrowing  for  com- 

J paiues,  u^a^pujW  limit  corporate  profit 

• growth.  Inflation,  meanwhile,  erodes  the 

S^el^jRKET,  Page  12 


^ >\ 


,/?.•  ‘"ity 

V 


“Jr‘ 


/;&  . 


.*N 


iw^sl 


</ 


"P'' #*■>"■ 


tvj 


s-y.- 


* * • ...  , ' 


„ ■■V. 


' - 


■ i.  .•..«■ 


*»* . .*  > 

■or- 


Police  and  fire  fighters  at  a farm  in  Cheiry.  Switzerland,  gathering  the  bodies  of  some  of  the  members  of  n sect,  the  Solar  Tradition, 

Mystery  Shrouds  50  Cult  Deaths 

u,>  n„ t 


Dow  Jones  ■ Trib  Index 


Pound 


1.586 


1.5815 


Ym 


99.60 


99.63 


FF 


5.2785 


5.2063 


By  Bany  James 

Imemmionai  Reraid  Tribune 

At  least  48  members  of  an  esoteric 
sect  that  has  been  linked  to  neo-Nazi 
groups  were  found  shot  or  suffocated 
to  death  Wednesday  at  a farm  and  two 
chalets  in  Switzerland. 

Two  other  bodies  were  found  in  a 
house  in  Quebec,  belonging  to  the  lead- 
er of  the  cult,  that  was  destroyed  by 
fire. 

Swiss  policemen,  who  expected  to 
find  more  bodies  at  a third  chalet,  said 
they  were  seeking  two  people  for  ques- 
tioning in  connection  with  the  deaths 
An  investigating  magistrate,  Andrfc 
Filler,  declined  to  say  who  the  suspects 
were  or  whether  one  was  the  cult  lead- 
er, Luc  JoureL 

Swiss  fire  lighters  found  the  dead, 
including  many  children,  in  a secret 
chapel  at  the  farm  at  Cheiry,  a Heidi- 
like  mountain  village  near  Fribourg, 
overlooking  Lake  Neuchdtel,  and  at 


the  two  remote  chalets  in  the  canton  of 
.Valais.  They  had  been  called  out  to  put 
out  fires  in  the  buildings  and  at  the 
third  chalet 

Die  police  said  they  were  unsure 
whether  they  were  dealing  with  mass 
murders  or  collective  suicides.  There 
have  been  several  mass  religious  sui- 
cides in  recent  years,  the  most  dramatic 
being  the  1978  Jonestown  massacre  in 
Guyana,  in  which  91 3 men,  women  and 
children  died,  and  the  immolation  of 
86  Branch  Davidians  in  Waco.  Texas, 
last  year. 

Many  of  the  victims  in  Switzerland 
had  a single  bullet  hole  in  the  head. 
Cartridge  cases  littered  the  floors.  Oth- 
ers had  been  suffocated  with  black 
plastic  garbage  sacks,  tied  tightly 
around  their  necks.  They  included  Ca- 
nadian, Swiss  and  French  nationals. 

The  male  victims  were  dressed  in 
black,  white  and  red  ceremonial  cloaks. 


The  women  wore  long,  white,  gold- 
braided  robes. 

According  to  the  Roger  Ikor  Center 
in  Pans,  which  investigates  and  docu- 
ments cults,  the  sect  is  an  offshoot  of 
the  Renewed  Order  of  the  Temple, 
which  is  “extremely  dangerous  because 
of  its  doctrinal  extremism  and  dicta- 
torial internal  system.”  Documents  in 
the  center’s  possession  indicate  that  the 
order  — which  has  branches  in  Cana- 
da, France,  Belgium,  the  Netherlands. 
Germany  and  Denmark  as  well  as  its 
headquarters  in  Switzerland  — has 
close  links  with  neo-Nazi  organiza- 
tions. 

Of  the  23  bodies  found  at  the  farm- 
house. many  were  in  the  former  stables, 
which  had  been  turned  into  a chapel 
with  altar  and  mirrored  walls  con- 
cealed behind  wood  paneling.  It  did 

See  CULT,  Page  6 


■W 


Tbr  AvukumI  Pres* 


Luc  Jouret,  the  missing  leader  of  the 
sect  whose  members  were  found  shun. 


Beriiisconi’s  Government 
Is  Rocked  by  New  Inquiry 

Aide  Deplores  ‘Mafia- Style9  Charges 


Kiosk 


SHDf:  . 

[«.!-, Sac..*  - 
U.K.'s 


By  Alan  Cowell 

New  York  Times  Service 

ROME  — Prime  Minister  Silvio  Berlus- 
coni's government  was  propelled  into  tur- 
moil on  Wednesday  after  a senior  investi- 
gating magistrate  said  inquiries  into  a pay- 
television  channel  partly  owned  by  the 
Italian  leader  could  embroil  “very  high 
levels”  of  the  country’s  political  and  finan- 
cial elite. 

The  published  remarks  by  the  Milan 
investigator.  Francesco  Saved o Borrelli, 
were  interpreted  as  what  a government 
spokesman,  Giuliano  Ferrara,  called  a 
“Mafia-style  threat”  against  Mr.  Berlus- 
coni. and  they  touched  off  a day  of  turbu- 
lence. Mr.  Berlusconi  is  a wealthy  tycoon- 
tumed-politician  who  controls  Italy’s 
* ’ ’ ;i  commercial  television  networks 


.-irst.  Justice  Minister  Alfredo  Biondi 
offered  to  quit  in  response  to  criticism 
from  Mr.  Borrelli,  but  the  government  re- 
fused to  accept  his  resignation  . 

Then  Mr.  Ferrara  threatened  a suit 


The  spectacle  of  such  open  confronta- 
tion between  the  magistrates  and  the  gov- 
ernment renewed  doubts  about  political 
stability,  and  financial  markets,  hair-trig- 
ger shy  about  Italy’s  fortunes,  registered 
sharp  losses  with  the  Italian  lira,  govern- 
ment bonds  and  shares  all  falling 

But  the  debacle  also  focused  attention 
on  what  has  become  a central  riddle  of 
public  life  here:  Are  the  magistrates  who 
became  national  heroes  for  unmasking  de- 
cades of  corruption  now  pursuing  their 
own  political  witch-hunt,  as  the  govern- 
ment insists  they  are,  or  simply  doing  their 
job,  which  has  now  led  to  fraud  investiga- 
tions in  the  national  tax  police,  the  Guar- 
dis di  Finanza,  and  at  Fininvest? 

“The  magistrates  must  do  their  duty,” 
Mr.  Ferrara  said,  “which  is  to  prosecute 
crimcslhat  come  to  their  notice,  not  to  get 
involved  in  politics  or  uy  to  overthrow  the 
government  through  newspaper  inter- 
views. This  is  shameful.” 

Mr.  Borrelli  said  in  an  interview  with 
Milan’s  Corn  ere  della  Sera  newspaper  that 


■ . .v  * T “ ni  Milan's  Gomere  aeua  bera  newspaper  that 

against  the  magistrals,  worsening  the  d-  ^ magistrates  themselves  were  thelar*et 

ready  smmed  of  “SSttive  to  discredit  us "Is  tiSS 

Sovc™fnt  inquiries  progressed  with  “new  and  signifi- 

smee  February  1992,  have  uncovered  mas-  caSt  eridence.” 
sive  corruption  and  who  are  now  scrutiniz- 
ing Mr.  Berlusconi's  Fininvest  empire.  The 


Italian  leader  Tuesday  called  the  inquiry  a 
“use  of  justice  for  distorted  ends.” 

And.  in  an  unrelated  development  that 
nonetheless  contributed  to  the  atmosphere 
of  crisis,  rock-throwing  demonstrators 
protesting  unemployment  clashed  _ with 
riot  police  outside  the  prime  minister’s 
office  at  Palazzo  Ghigi  in  central  Rome. 
Fifteen  people  were  reported  injured. 


Newsstand  Prices 


Bahrain  ...0.800  Din  Malta.. ............35  c 

Cyprus C.  £1.00  K 

aSS^MHRWb 

Qatar 6.00  Rials 

Gibratiar^-.XO.SS  Rep.  ireiandiRfi.oo 
Great  Britain.*  0.85  Saudi  Arabia  9.00  R 

Egypt E.P.5000  South  Africa R6 

Jordan. ..I  J D UAE.  ..„.8^o  Dirh 

Kenya.... K.  SH.  15)  U.S,  Mil.  (Eur.)S  1.10 

Kuwait.....»5D0  fills  Zimbabwe.  Zlm.sM.00 


At  issue,  investigators  said,  were  bribes 
of  some  $17,000  — relatively  minor 
amounts  in  the  gamut  of  Italy's  million- 
dollar  corruption  scandals  — paid  to  the 
Guardia  di  Finanza  to  halt  inquiries  into 
the  ownership  of  Telepiu,  a pay-TV  station 
offering  mainly  sports  and  movies,  in 
which  Mr  Berlusconi’s  Fininvest  acknowl- 
edges a 10  percent  stake.  Magistrates  are 
Muring  to  discover  whether  Fininvest  con- 
trols a bigger  stake  through  nominee  com- 
panies. 

Additionally,  magistrates  are  trying  to 
work  out  whether  a decree  issued  Aug.  28 
by  Mr.  Berlusconi’s  government  effective- 
ly legitimized  his  ownership  of  a wide 
range  of  television  and  publishing  outlets 
once  supposed  to  be  limited  by  antitrust 
laws. 

While  Mr.  Borrelli  said  the  investigation 
into  Telepiu  was  only  one  of  many  being 
conducted  by  the  Milan  magistrates,  he 

See  ITALY,  Page  6 


Uniter* 

Governor  Chris  Patten  of  Hong 
Kong  urged  China  to  talk.  Page  7. 

Flight  Ban  Lifted 
On  Yugoslavia 

BELGRADE  (Reuters)  — A Rus- 
sian Aeroflot  airliner  landed  in  Bel- 
grade on  Wednesday,  formally  re- 
opening its  airport  after  a 28-month 
United  Nations  ban  on  international 
commercial  flights  to  and  from  Yugo- 
slavia. 

“It  is  just  a plane,  but  the  sight  of  it 
brings  tears  to  my  eyes,”  said  Svet- 
lana. an  airport  welcoming  hostess. 
“These  have  been  a very,  very  desolate 
28  months.” 

Earlier  article.  Page  8 
Books  Page  7. 


Iran’s  Revolution  Falters 
As  Oil  Revenues  Plummet 


By  Nora  Boustany 

Washington  Pom  Service 

TEHRAN  — Iran’s  Islamic  govern- 
ment, with  its  welfare  economics  and  mul- 
lah management,  is  being  put  to  the  test 
because  of  sagging  oil  prices.  Fifteen  years 
after  a religious  mutiny  toppled  the  shah 
and  inflamed  the  poor  with  slogans,  the 
revolution  seems  no  longer  able  to  over- 
come economic  hardship  with  sustenance 
or  solace. 

In  major  cities  and  rural  villages,  Irani- 
ans appear  more  concerned  about  how  to 
make  ends  meet  than  about  going  to  the 
mosque  on  Friday.  The  fists  that  once 
wished  death  to  America  are  now  raised  in 
objection  to  worsening  economic  condi- 
tions and  the  specter  of  soaring  prices. 

“Economically,  we  are  at  a critical 
time,"  said  a key  Central  Bank  official. 
“We  are  adjusting  prices,  we  are  trying  to 
control  inflation.  This  brings  unhappi- 
ness.” 

Iran’s  population  has  swelled  from  30 
million  to  60  million  since  the  1979  revolu- 


tion, while  oil  revenue  has  plummeted  al- 
most to  one-lhird  what  it  was. 

“We  are  providing  subsidies  worth  $12 
billion  a year  for  local  consumption,  and 
our  total  revenue  from  oil  is  $12  billion." 
said  All  Naghih  Khamooshi.  president  of 
Iran’s  Chamber  of  Commerce. 

A bid  to  introduce  economic  readjust- 
ments is  stalled  as  President  Hashemi  Raf- 
sanjani's  government  and  legislators  battle 
over  when  and  how  to  remove  subsidies 
from  basic  commodities  without  social  re- 
percussions and  unrest.  Religious! v con- 
servative members  of  the  Majlis,  the  na- 
tional legislature,  are  reluctant  to  press 
their  popular  base  into  more  economic 
distress. 

Iran's  declining  fortunes  are  drastically 
undermining  the  religious  leadership's 
once  magnetic  quality  as  protector  of  the 
masses  and  accenting  mismanagement  and 
corruption  instead. 

As  poverty  and  deprivation  humble 

See  IRAN,  Page  6 


Moscow  Gets 
New  Breath 
As  Debt  Is 
Rescheduled 

Western  Bankers  .Agree 
To  §24  Billion  Reprieve 
To  Entice  Fresh  Capital 

By  Alan  Friedman 

Imenuinanai  Herald  Tribune 

PARIS  — Russia  and  its  main  Western 
bankers  agreed  on  Wednesday  to  resched- 
ule $24  billion  worth  of  commercial  bank 
debt,  giving  an  important  boost  to  Mos- 
cow’s efforts  to  stabilize  its  economy. 

The  accord,  which  also  covers  tin  addi- 
tional $3.4  billion  of  loan  interest  that  has 
not  been  paid  since  December  1942,  will 
give  Russia  breathing  space  to  press  ahead 
with  its  reform  programs. 

It  could  also  improve  prospects  for  the 
eventual  full-scale  rescheduling  of  the  bal- 
ance of  Russia's  total  S90  billion  of  foreign 
debt,  which  it  inherited  from  the  former 
Soviet  Union. 

In  Madrid,  a senior  U.S.  Treasury  offi- 
cial attending  the  annual  meetings  of  the 
International  Monetary  Fund  and  World 
Bank,  hailed  the  deal  us  “another  impor- 
tant step  forward  in  Russian  reform."  He 
said  it  was  in  line  with  the  emphasis  on 
attracting  private  sector  capital  that  came 
out  of  the  recent  meeting  between  Presi- 
dent Bill  Clinton  and  President  Boris  N. 
Yeltsin. 

The  debt  rescheduling  will  also  help  per- 
suade foreign  investors,  trading  partners, 
and  lenders  that  it  is  now  safer  to  do 
business  with  Moscow,  another  U.S.  offi- 
cial noted.  He  called  Wednesday's  deal 
“one  piece  of  the  mosaic"  and  said  that  it 
was  likely  "to  have  the  consequence  of 
removing  another  obstacle  to  trade  and 
investment” 

The  deal  was  thrashed  out  in  talks  held 
in  Madrid  this  week  between  an  udvisorv 
committee  led  by  Deutsche  Bank  and  rep- 
resenting Russia’s  600  bank  creditors  and 
Alexander  N.  Shokhin.  Russia’s  deputy 
prime  minister  and  its  chief  debt  negotia- 
tor. Mr.  Shokhin  called  the  deal  "an  im- 
portant vote  of  confidence  from  the  inter- 
national financial  community.” 

Although  final  details  still  need  to  be 
worked  out  during  meetings  later  this 
month,  the  Madrid  agreement  ended  a 
year  of  deadlock  over  outstanding  legal 
issues  that  had  held  up  a debt  accord.  A 
document  describing  the  legal  aspects  of 
the  debt  rescheduling  was  signed  Wednes- 
day at  the  Russian  Embassy  in  Madrid  bv 
Mr.  Shokhin  and  by  Christian  L.  Vontz. 
chairman  of  the  bank  advisory  committee. 

The  final  agreement  is  expected  to  be 
signed  later  this  year  after  formal  approval 
is  given  by  creditor  banks. 

A bank  executive  involved  in  the  Ma- 
drid talks  said  the  deal  would  stretch  out 
Russia's  $24  billion  of  commercial  hank 
debt  over  the  next  15  years.  Russia  will  be 
given  a five-year  grace  period  during  which 
it  has  to  pay  back  neither  interest  nor  debt 
principal.  Then  it  will  have  another  10 
years  to  pay  off  the  debt  in  semi-annual 
installments. 

The  deal  on  Wednesday  also  calls  for  the 
payment  before  the  end’ of  1994  of  $500 
million  of  interest  owed  over  the  past  year. 

The  only  news  that  slightly  marred  the 
spirit  of  the  debt  deal  was  that  the  ruble 
slumped  by  5.4  percent  on  Wednesday  to  a 
low  of  2,808  to  the  dollar,  bringing  the 
Russian  currency's  total  decline  to  nearlv 
27  percent  over  the  last  month. 

Traders  attribute  the  currency’s  woes  to 
the  surprisingly  relaxed  attitude  of  Viktor 
V.  Gerashchenko,  the  chief  of  the  Russian 
central  bank,  who  on  Wednesday  said  he 
was  happy  to  allow  the  ruble  to  find  its 
own  level.  Mr.  Gerashchenko  has  been 
sharply  criticized  by  supporters  of  reform 
in  Russia,  who  doubt  his  commitment  to 
rapid  change. 

The  outline  of  the  debt  rescheduling 
deal  has  been  ready  for  more  than  12 
months,  but  until  now  both  Russia  and  its 
creditors  have  been  unable  to  work  out  two 
issues,  the  most  important  relating  to  the 
demand  by  bankers  that  Russia  waive  its 
“sovereign  immunity.” 

That  would  have  given  banks  the  right 
to  sue  Moscow  or  attempt  to  seize  Russian 
assets  if  it  did  not  honor  its  accord. 

This  sort  of  provision  is  normal  in  debt 
rescheduling  deals  for  Latin  American 

See  RUSSIA,  Page  6 


At  This  Camp,  You  Learn  to  Boot  Up 


By  Peter  H.  Lewis 

New  York  Tunes  Service 

SANTA  BARBARA,  California  — 
One  would  never  guess  that  Ludovico  L. 
de  Carlo,  who  is  65.  was  a tormented 
man  as  he  stood  on  the  terrace  at  sunset 
nibbling  appetizers,  laughing  with  a 
group  of  international  business  tycoons, 
and  being  serenaded  by  two  violinists 
and  caressed  by  warm  ocean  breezes. 

But  his  wife,  Sara,  revealed  his  dark 
secret  to  a visitor  "He’s  so  angry.  He  has 
complete  control  over  everything  else  in 
his  office,  except  for  that  little  box.  He’s 
determined  to  master  it,  but  he’s  frustrat- 
ed that  he  can’t  do  it  in  one  day.” 

Mr.  de  Carlo,  president  of  Marine 
Corps  West  Federal  Credit  Union,  was 
unwinding  at  the  end  of  a grueling  day  at 
the  CEO  Technology  Retreat  The  gath- 
ering was  a three- day  boot  camp  for 
chief  executives,  presidents  and  the  like 
who  share  a common  frustration — com- 


puters — and  a common  desire  to  learn 
about  them. 

The  recent  retreat  was  co-sponsored 
by  the  seminars  company  CEO  Institutes 
of  New  York  and  Computer  Associates 
International  lnc„  the  software  compa- 
ny. Since  1992,  the  retreats  have  attract- 
ed more  than  250  top  executives  who 
rose  to  power  in  the  computer  age  with- 
out ever  needing  to  find  the  power 
switch. 

The  50  executives  who  assembled  here 
were  the  types  who  exude  confidence 
and  steely  resolve  to  their  underlings,  but 
most  of  them  would  panic  at  the  sight  of 
a mouse — the  kind  used  on  a computer. 

“In  the  last  group,  we  found  one  guy 
trying  to  roll  the  mouse  around  on  the 
computer  screen,”  one  teacher  whis- 
pered, surveying  the  executives  at  the 
orientation  session.  “This  group  looks 
pretty  smart” 

Each  executive  paid  $5,500  plus  travel 


and  hotel  expenses  to  come  to  the  Four 
Seasons  Biltmore  hotel  in  Santa  Barbara, 
away  from  ringing  telephones  and  busi- 
ness meetings,  to  concentrate  on  learning 
the  computer  basics.  The  fee  included  an 
Acer  America  laptop  computer,  printer 
and  programs  they  will  lake  with  them, 
plus  unlimited  telephone  support  from 
the  teaching  assistants  after  they’  co 
home. 

“They  get  to  ask  the  basic  questions 
that  they’re  too  ashamed  to  ask  their  own 
technologists,”  said  Charles  B.  Wang, 
chairman  of  Computer  Associates.  The 
goal  of  the  retreats  is  to  facilitate  better 
communications  and  closer  relationships 
between  the  technologists  and  the  busi- 
ness executives.  “For  them  it's  just  one 
little  step,  so  they  can  say,  ‘Hey,  it’s  not 
so  intimidating  after  all.’” 

The  conference  is  an  ideal  opportunity 

See  BOX,  Page  6 


&* 


■R 

mi 


Page  2 


INTERNATIONAL  HERALD  TRIBUNE,  THURSDAY,  OCTOBER  6,  1994 


Powell 9 in  Demand , Looks  Ahead  to i Some  Kind  of  Service’ 


By  Brandon  Mitchener 

ImtmaUcmai  Herald  Tribune 

FRANKFURT  — Colin  L.  Pow- 
ell, the  retired  chairman  of  the  U.S. 
Joint  Chiefs  of  Staff,  has  been  think- 
ing about  his  past  while  preparing 
memoirs  that  are  to  be  published 
next  fall 

But  these  days  Mr.  Powell,  whose 
book  will  cover  his  career  as  a mili- 
tary commander  and  national  securi- 
ty adviser,  is  being  asked  at  least  as 
many  questions  about  his  future. 

At  dinner  Tuesday  night  on  the  eve 
of  the  Frankfurt  Book  Fair,  Mr. 
Powell  made  these  points: 

* He  conceded  a more  than  pass- 
ing interest  in  seeking  a government 
office.  “I  do  want  to  return  to  some 


kind  of  service  to  my  country,"  he 
said. 

• He  said  that  the  exiled  president 
of  Haiti,  the  Reverend  Jean-Beruand 
Aristide,  was  “not  the  saint"  and  that 
the  generals  he  is  to  succeed  were 
“not  the  villains'1  they  bad  been 
made  out  to  be. 

• He  said  he  was  “still  developing'5 
his  political  philosophy.  “For  35 
years  I didn't  need  one,"  he  said. 

At  this  point,  the  rumors  of  a run 
for  office  are  just  that.  Nevertheless, 
Mr.  Powell  made  no  secret  of  the  fact 
that  he  was  considering  seeking  a 
place  in  politics. 

He  said  that  he  might  accept  “a 
nomination”  and  also  suggested  that 
his  future  service  “might  be  politi- 


cal” He  added  that  the  fact  that 
many  people  also  considered  him 
eminently  electable  was  a feeling  he 
was  still  getting  used  to. 

The  cover  story  in  the  current  U.S. 
edition  of  Newsweek  asks,  “Can  Col- 
in Powell  Save  America?"  An  accom- 
panying poll  finds  him  the  “most 
respected’5  and  “most  intriguing" 
man  in  American  public  life. 

So  far,  neither  mainstream  politi- 
cal party  has  been  able  to  claim  him 
as  its  own.  “I’m  at  neither  extreme  of 
the  political  spectrum,”  he  said. 

Regarding  Haiti,  Mr.  Powell  said 
Haitian  expatriates  living  in  Florida 
and  elsewhere  had  a history  of  “ex- 
ploiting, not  running,'1  the  country. 
He  said  Haiti  was  nothing  like  Eu- 


rope and  could  not  be  helped  by  any 
sort  of  nation-building  Marshall 
Plan  imposed  by  the  United  States. 

Mr.  Powell,  who  served  with  for- 
mer President  Jimmy  Carter  and 
Senator  Sam  Nunn  in  brokering  the 
Haitian  junta’s  agreement  to  step 
down  and  the  plan  for  Father  Aristi- 
de's return,  trained  with  some  of  the 
Haitian  coup  leaders  in  the  United 
States. 

He  called  Father  Aristide’s  stron- 
gest card  his  “charisma”  and  suggest- 
ed that  he  go  back  to  Haiti  before 
Oct.  15,  his  announced  date  of  re- 
turn. “He  should  be  there  already." 
Mr.  Powell  said. 

Bom  in  Harlem  in  1937  as  the  son 
of  Jamaican  immigrants.  Mr.  Powell 


rose  to  become  the  first  black  man 
and  youngest  person  ever  to  assume 
the  title  of  chairman  of  the  Joint 
Chiefs  of  Staff,  the  highest  military 
position  in  the  U.S.  armed  forces.  ) 
He  was  a major  architect  of  Opera- 
tion Desert  Storm,  and  he  retired  in 
September  1993. 

In  economic  and  military  policy  he 
is  predictably  conservative,  but  on 
education,  civil  rights  and  a host  of 
other  issues  he  describes  himself  as 
“quite  liberal.” 

“Pm  the  product  of  the  govern- 
ment programs  that  were  needed  at 
that  time,”  he  said  of  subsidized 
housing,  education  and  Medicare, 
the  program  of  health  care  for  the 
elderly. 


Haiti  Chiefs  Appear  at  Funeral 

U.S.  Forces  Step  Up  Search  for  Arms  and  Auxiliaries 


Compiled  by  Our  Staff  From  Dispatches 

PORT-AU-PRINCE  Haiti 
— Haiti's  military  leaders  at- 
tended the  funeral  on  Wednes- 
day of  10  Haitians  who  were 
killed  by  U.S.  Marines  in  a fire- 
fight,  the  first  casualties  of  the 
U.S.  military  intervention  here. 

Lieutenant  General  Raoul 
C6dras,  the  army  commander 
in  chiet  and  Brigadier  General 
Philippe  Biamby.  the  chief  of 
staff,  stood  near  the  10  flag- 
draped  coffins  in  the  courtyard 
of  a military  hospital. 

The  appearance  by  the  two 
men  came  a day  after  Lieuten- 
ant Colonel  Joseph  Michel 
Francois,  who  with  General  C6- 
dras  and  General  Biamby  led 
the  1991  coup  that  deposed 
President  Jean-Bertrand  Aris- 
tide, fled  to  the  neighboring 


Balladur  Vows 
Corruption  Fight 

Reuters 

PARIS  — Prime  Minister 
Edouard  Balladur,  facing  cor- 
ruption scandals  that  have 
spread  into  his  cabinet,  pro- 
posed Wednesday  an  annual 
audit  of  politicians'  wealth  and 
new  powers  to  halt  suspect  pub- 
lic works  contracts. 

Mr.  Balladur  told  Parliament 
he  was  creating  a working 
group  of  deputies  and  senior 
regional  officials  to  study  new 
legislation  to  fight  corruption, 
which  he  acknowledged  was  un- 
dermining public  confidence  in 
French  institutions. 

“Democracy  must  be  above 
suspicion,”  he  said.  “If  it  were 
not.  it  would  be  fragile  because 
it  relies  on  dozens’  involve- 
ment.” 


Dominican  Republic.  Colonel 
Francois  served  as  police  chief 
in  Port-au-Prince  and  orga- 
nized squads  of  attaches,  or 
army  auxiliaries,  who  have  been 
responsible  Tor  much  of  the  ter- 
ror in  Haiti  since  the  coup. 

U.S.  offidals  expect  General 
Cedras  and  General  Biamby  to 
step  down  by  Oct  15  as  part  of 
an  accord  that  will  restore  Fa- 
ther Aristide  to  power.  General 
CMras  has  vowed  not  to  leave. 

Aristide  supporters  have  ap- 
plauded Colonel  Francois’s  de- 
parture, and  urged  the  other 
coup  leaders  to  do  the  same. 

No  U.S.  soldiers  were  seen  at 
the  service  for  the  Haitians, 
who  were  killed  Sept.  24  in  Cap 
Haitien.  U.S.  troops  were  pa- 
trolling the  streets  of  the  Hai- 
tian capital  in  search  of  atta- 
ches. 

As  U.S.  helicopter  gunships 
circled  overhead,  U.S.  Sperial 
Forces  troops  raided  the  Port- 
au-Prince  suburb  of  Petionville. 
looking  for  weapons  and  for  an 
attachfc  said  by  residents  to  be 
responsible  for  several  murders. 

U.S.  soldiers  have  worked 
with  Haitians  in  recent  days  to 
locate  the  homes  of  suspected 
army  auxiliaries.  Ninety-five 
people  have  been  detained  and 
more  than  4,000  weapons  seized 
in  the  crackdown.  U.S.  military 
officials  said. 

In  Washington,  Defense  Sec- 
retary William  J.  Perry  said  that 
the  U.S.  intervention  in  Haiti 
had  “gone  very  well  to  date.” 
But  he  cautioned  that  the  con- 
tinued success  of  the  mission, 
and  the  end  to  years  of  terror 
and  violence  in  the  country, 
“will  take  persistence  and  will 
take  patience.” 

The  United  States  has  about 
20,000  troops  in  Haiti.  Mr.  Per- 


ry said  that  number  would  be 
reduced  to  15.000  by  the  end  of 
the  month,  and  eventually  to 
6,000  as  an  international  peace- 
keeping force  begins  to  operate. 

The  first  non-American  sol- 
diers. to  arrive  in  Haiti  started 
taking  control  of  the  Port-au- 
Prince  harbor  area  on  Wednes- 
day. The  contingent  comprises 
262  soldiers  from  Jamaica, 
Trinidad  and  Tobago,  Belize, 
and  Antigua  and  Barbuda. 

Father  Aristide  told  the  UN 
General  Assembly  in  a speech 
oa  Tuesday  that  be  would  re- 
turn home  by  Oct.  IS. 

The  Roman  Catholic  priest, 
who  has  been  living  in  exile  in 
Washington,  said  he  hoped  to 
bring  peace  to  Haiti.  “We  say, 
‘Yes'  to  reconciliation,  ’No'  to 
violence.  ‘No'  to  vengeance, 
‘Yes’  to  justice,”  he  said. 

As  part  of  the  U.S.  crack- 
down, troops  on  Monday  raid- 
ed the  headquarters  of  the 
Front  for  the  Advancement  and 
Progress  of  Haiti  in  Port-au- 
Prince  and  detained  more  than 
two  dozen  of  the  paramilitary 
group's  members. 

But  with  thousands  of  weap- 
ons still  reportedly  in  the  hands 
of  Front  members  and  other 
extremists,  the  potential  for  vio- 
lence remains  nigh. 

Colonel  Francois's  departure 
may  defuse  much  of  the  ten- 
sion. He  left  after  his  brother, 
Evans,  already  living  in  the  Do- 
minican Republic,  wrote  an 
open  letter  urging  him  to  leave 
Haiti  and  join  his  family. 

After  arriving  at  his  brother’s 
home  in  suburban  Santo  Do- 
mingo, Colonel  Franqois  re- 
fused to  talk  to  reporters.  “Sol- 
diers don’t  talk,  only 
politicians,"  he  said  in  a state- 
ment (AP.  AFP) 


Revenge  May  Be  Motive  in  Mexico  Killing 


By  Tim  Golden 

New  York  Times  Sertice 

MEXICO  CITY  — Prosecu- 
tors will  charge  a former  federal 


HOTEL  METROPOLE 
GENEVE 

Since  1854 

A PRIVILEGED  PLACE! 

The  only  Grand  Hotel 
located  in  the  heart  of 
Geneva's  business 
and  shopping  center. 

Air  conditioned 

34.  cxxji  G*-»arcfrGuban 
1211  Geneva  3 
Tel.:  (41-22]  311 1344 
Telex  421550- Fax:  311 1350 


official  and  a fugitive  congress- 
man with  plotting  the  assassi- 
nation of  the  second-ranking 
leader  of  Mexico’s  governing 
party,  Josfe  Francisco  Ruiz 
Massieu,  officials  said. 

The  prosecution  of  the  two 
men,  (me  of  them  Formerly  a 
close  political  associate  of  the 
slain  party  leader’s,  suggests 
that  the  authorities'  theory  is 
that  the  motive  for  the  killing 
was  at  least  in  pan  personal 
revenge. 

But  officials  emphasized  that 
they  had  not  ruled  out  the  pos- 
sibility that  Mr.  Ruiz  Massieu 
had  been  the  victim  of  a plot 
involving  major  cocaine  traf- 
fickers, conservative  politicians 
from  within  the  governing  par- 
ty, or  both. 

“What  is  coming  to  the  sur- 
face are  the  resentments  of 
some  minor  politicians.”  one 
official  familiar  with  the  inves- 
tigation said,  referring  to  the 
two  suspects.  “But  these  two 


still  appear  to  be  intermediar- 
ies. It  is  possible  that  there  are 
others  behind  them.” 

In  a letter  sent  to  the  attorney 
general  on  Sunday,  the  fugitive 
legislator,  Manuel  MuB6z  Ro- 
cha, admitted  having  taken  part 
in  the  plot,  but  said  he  had  done 
so  largely  on  behalf  of  the  for- 
mer federal  official  Abraham 
Rubio  Canales. 

Mr.  Muhtiz  also  said  in  the 
letter  that  he  feared  for  his  life, 
alluding  to  contacts  between 
Mr.  Rubio  Canales  and  leaders 
of  one  of  Mexico’s  bluest  co- 
caine smuggling  organizations. 
Officials  confirmed  the  authen- 
ticity of  the  letter,  portions  of 
which  were  disclosed  to  Mexico 
City  newspapers. 

The  question  of  a motive  for 
the  slaying  is  complicated  in 
part  by  the  political  origins  of 
Mr.  Mun6z  Rocha  and  Mr.  Ru- 
bio Canales  in  the  Gulf  Coast 
state  of  Tamaulipas,  a place 
where  political  power,  corrup- 


tion and  drugs  have  long  been 
mingled. 

Both  men  rose  there  through 
the  ranks  of  the  long-governing 
Institutional  Revolutionary 
Party,  or  PRJL  under  local  polit- 
ical bosses  who  have  been  vari- 
ously linked  to  hard-line  fac- 
tions of  the  party  that  oppose 
recent  moves  toward  reform,  to 
narcotics  traffickers  and  to  a 
former  leader  of  the  country’s 
oil  workers’  union  who  was 
jailed  six  years  ago  by  President 
Carlos  Salinas  de  Gbrtari. 

In  1987,  the  year  before  Mr. 
Salinas  was  elected,  be  was  in- 
strumental in  winning  Mr.  Ruiz 
Massieu  the  PRI’s  nomination 
for  the  governorship  of  Guerre- 
ro State. 

At  least  seven  other  people 
have  also  been  implicated  in  the 
attack  on  Mr.  Ruiz  Massieu,  48, 
which  took  place  as  he  left  a 
meeting  in  downtown  Mexico 
City  on  Sept.  28. 


WARNING:  REPUBLICANS  THREATEN 
TO  SEIZE  U.S.  SENATE 

Bob  Dole.  Phil  Gnunxn.  Jesse  Helms  and  Ollie  North 
guarantee  return  to  gridlock.  That's  the  threat! 

Fight  back.  Vote  now  for  Democrats. 

Only  the  Democratic  Majority  win  continue  constructive  changa. 

Voted  ballots  are  due  soon,  by  Nov.  4 in  some  stales.  Mail  yours  immediately 
or  use  the  tree  DHL  Worldwide  Express  service  by  Nov.  1. 

If  you  haven't  received  a baSot  by  OcL  24,  but  have  appBed,  gel  a Federal  wrte- 
in  baRol  as  a siAstitute  from  your  Consular  voting  officer  or  Democrats  Abroad. 
Democrats  Abroad 

Fax  U.S.:  (703}  768-0920  • Fax  Europe  (Rome):  (398)  487 11 49 

Paid  tar  by  Ooraociss  Abroad 


Ferry  Owner  Accused 
Of  Hiding  Safety  Data 

Compiled  by  Our  Staff  From  Dispatches 

STOCKHOLM  — The  owner  of  the  ferry  Estonia  and  a 
French  classification  company  are  refusing  to  make  public 
the  vessel’s  safety  inspection  records,  the  Swedish  daily 
Svenska  Dagbladet  said  Wednesday. 

“It  is  only  the  owner,  the  people  who  ordered  the  inspec- 
tion, or  possibly  the  Estonian  maritime  board  that  can  release 
the  documents,”  said  Hans  Olsson,  the  head  of  the  Swedish 
division  of  the  French  company  Bureau  Veritas. 

According  to  the  newspaper,  numerous  inspections  had 
been  carried  out  on  the  Estonia,  which  sank  last  week  off 
Finland,  with  a loss  of  more  than  900  lives.  It  said  there  was 
an  extensive  five-year  inspection  in  1990.  The  most  recent 
inspection  took  place  last  Aug.  25,  when  the  bow  visor  and 
ramp  were  checked,  among  other  pans,  the  paper  said. 

Mr.  Olsson  told  the  newspaper  that  Bureau  Veritas  had  not 
found  any  “serious  defects.” 

The  Swedish  maritime  board  is  not  entitled  to  see  the 
inspection  reports  either.  Veritas  is  a Paris-based  classifica- 
tion society  responsible  for  monitoring  ships'  safety,  and  is 
therefore  not  subject  to  Swedish  access- to- information  laws. 

A Swedish  official  said  Wednesday  that  a decision  about 
refloating  the  ferry  would  be  made  in  the  spring,  “at  the 
earliest.”  (AFP,  AP) 


WORLD  BRIEFS 


IRA  Leader  Meets  U.S.  Congressmen 

WASHINGTON  (Reuters) —The  bead  of  the  political  wiflgtiL  , 
the  Irish  Republican  Army,  Geny  Adams,  met  with  members^ 
Congress  on  Wednesday  to  complete  a Washington  visit  that  fcy  1 
said  had  made  hopes  for  peace  in  Northern  Ireland  more  of  a ^ 
reality.”  - - \ 

Mr.  Adams,  head  of  Sinn  Fein,  added  a Capitol  Hill  stop  tohi5t 
three-day  Washington  visit  before  leaving  for  San  Francisco  aid 
Los  Angeles.  That  will  round  out  a two-week,  nine-city  U.S.  tour.  • 

“The  number  of  days  we  have  spent  here  have  in  tbeirown  way' 
been  quite  historic,”  Mr.  Adams  said  at  a news  conference.  He‘  • 
met  Tuesday  for  the  first  time  with  U.S.  officials  after  President*  ’■  * 
Bill  Clinton  lifted  a ban  on  such  contact.  Mr.  Adams  said  that  the. 
hope  for  peace  was  “more  of  a reality  today  on  the  fifth  of  October,  - \ 
than  it  was  2Vt  days  ago.”  . ■■■ 

King,  Defiant,  to  Return  to  Bucharest  ’ 

BUCHAREST  (Reuters)  — Romania’s  exiled  monarch.  King  > 
Michael  plans  to  defy  the  leftist  government  and  fly  to  Bucharest 
oa  Friday,  his  office  said  Wednesday. 

“The  long  intends  to  be  there,”  a spokeswoman  for  the  royal  .* 
family  said  from  Geneva,  “He  has  no  answer  from  the  Romanian  - 
government  and  he  is  continuing  with  his  travel  plans.”  In  a letter 
to  supporters.  Michael  said  his  trip  was  no  threat  to  the  govern- 
ment. “I  will  arrive  as  a Romanian  who  does  not  intend  to  contest.  . 
the  present  constitutional  order.”  he  said. 

President  Ion  Diescu  said  he  would  not  intervene  to  change  the  ■ .• 
government  decision  to  refuse  Michael  a visa.  Michael  Mr.  Ihescii 
said,  was  a foreign  citizen  who  would  need  a visa  and  would  have 
to  give  a good  reason  to  get  one.  Michael  drew  enormous  crowds 
in  1992  on  his  only  officially  sanctioned  visit  to  the  former 
Communist  country  since  he  was  expelled  by  the  Soviet-installed&pv  ' 
government  in  1947.  A return  seems  certain  to  provoke  a confro no- 
tation with  the  government. 

Russians  Sink  Japanese  Fishing  Boat 

TOKYO  (AP)  — A Russian  patrol  vessel  sank  a Japanese 
fishing  boat  and  seized  its  crew  in  disputed  waters  off  northern 
Japan,  Japanese  officials  said  Wednesday. 

Russia  notified  Japan's  Maritime  Safety  Agency  that  the  boat 
was  sunk  near  the  Kuril  Islands  late  Tuesday,  agency  officials  » 
said.  The  Russian  message  said  the  captain  and  two  crew  members  ! 
were  rescued  and  were  being  detained.  Russia  said  the  vessel  was 
violating  its  territorial  waters. 

Japan’s  Foreign  Ministry  summoned  Russia’s  ambassador  (o 
Tokyo  to  protest  the  incident,  calling  it  “extremely  regrettable’' 
and  wanting  that  it  could  harm  efforts  to  solve  a dispute  over 
fishing  rights. 


i.Thcoy  Bdcairc/Accm  France-Pmc 

General  C&tras  throwing  dirt  on  the  grave  of  one  of  die  10  Haitians  buried  Wednesday. 


In  Japan,  Royal  Dissent  Over  War 

TOKYO  (Reuters)  — A secret  diary  of  the  brother  of . 
Japan's  wartime  Emperor  Hirohito  reveals  for  the  first  time , 
that  some  members  of  the  imperial  family  abhorred  Japanese-; 
policies  that  led  to  World  War  II. 

The  Yontiuri  Shimbun  newspaper  said  Wednesday  that  the: 
diaries  of  Prince  Takamatsu  for  the  period  between  1921  and§M 
1947  were  found  in  a warehouse  four  years  after  he  died  - 
1987.  Takamatsu’s  widow.  Princess  Kikuko,  is  allowing  tl 
diaries  to  be  published  over  the  objections  of  the  secretr 
Imperial  Household  Agency.  tS*: 

Takamatsu,  bom  in  1905  as  third  son  of  Emperor  Taisho^p*  - 
who  reigned  from  1 912  to  his  death  in  1926,  spent  most  of  hfi 
adult  prewar  life  in  the  Japanese  Navy.  On  Sept  1, 1941,  thi^ 
months  before  Pearl  Harbor,  Takamatsu,  then  a senior  navy^ 
Officer,  wrote,  of  war  with  the  United  States:  “We  must  not  dcr; 
this  for  the  sake  of  Japan  and  also  on  moral  grounds.  Wren 
avoid  this  even  if  we  have  to  fight  unto  death.” 

Turkish  Troops  Raze  17  Villages 

TUNCELI,  Turkey  (Reuters) — Turkish  security  forces  burned 
down  17  villages  during  a two-week  military  offensive  against 
rebel  Kurds  in  the  remote  eastern  province  of  Tunceli,  local 
politicians  and  witnesses  said  Wednesday. 

“The  people  whose  houses  were  burned  are  in  the  town  center, 
and  they  urgently  need  tents  and  food.”  said  Musa  Yeriikaya, 
mayor  of  Ovacik  township,  to  which  the  villages  are  jinked. 

He  said  troops  had  given  residents  of  several  other  villages  three 
days  to  leave  or  risk  the  same  fate.  Villages  leaders  and  Tunceli 
councillors  sent  a telegram  to  Prime  Minister  Tansu  Ciller  asking 
for  an  end  to  an  operation  that  left  them  homeless  on  the  brink  of 
winter.  The  military  says  it  must  empty  villages  and  group  people 
in  large  settlements  to  deny  refuge  and  supplies  to  the  separatist' 
Kurdistan  Workers  Party,  which  is  strong  in  the  region. 


TRAVEL  UPDATE 

Strike  by  Guards  Shuts  Acropolis 

ATHENS  (Reuters) — Striking  Greek  guards  closed  the  Acrop- 
olis and  its  museum  on  Wednesday,  turning  away  hundreds  of 
visitors  who  had  climbed  the  steep  nfll  unaware  of  the  walkout. 

The  5,500-member  confederation  of  Culture  Ministry  employ-  -,1W  , , 
ecs,  who  guard  museums  and  sites  throughout  Greece,  is  demand- 
ing higher  pay  and  the  establishment  of  its  own  providence  fund  £ • ■, 

with  ministry  money.  It  said  that  the  strike  could  last  indefinitely  *• 
and  could  spread  to  other  sites. 

A strike  is  expected  to  slow  service  on  the  London  Underground 
on  Thursday  after  pay  talks  between  the  Rail  Maritime  and 
Transport  union  and  London  Underground  broke  down,  accord- 
ing to  the  Financial  Times.  The  union’s  8,000  members,  who  work 
as  station  staff,  signalers  and  train  drivers,  rejected  a 2.5  percent 
pay  offer  that  London  Underground  said  was  final  (AFP) 

Ghana  Airways  is  to  begin  services  to  the  United  States  as 
planned  despite  a U -S.  ban  on  Ghanaian  carriers,  an  airline  source 
raid  Wednesday  in  Accra.  Corporate  Planning  Director  Adu 
Gyamfi  said  a license  had  been  granted  on  the  strength  of  a get- 

on  I riant**  in  Ivan  irhirh  ------ P ■ er  . , 


ay  From  P* 


.'..Nr 


ion 


_ _ ' . - L , cr  uiv  vt  n 

Paris  Chase  Ends  in  Couple’s  Rilling  3 Policemen  to  “ *** 

A group  of  Musflm  tourists  from  Gulf  Arab  states  has  booked  a 
tour  of  Israel  with  an  Israeli  airline,  Aiiria  airlines,  in  what  would 
be  the  first  visit  to  Israel  by  Gulf  nationals,  an  airline  official  said 
Wednesday  in  Jerusalem.  The  visit  is  set  for  March.  ( Reuters ) 


Compiled  by  Our  Staff  From  Dispatches 

PARIS  — A young  couple 
tear-gassed  two  policemen, 
stole  their  guns  and  set  off  a 
wild  chase  through  Paris,  killing 
three  police  officers  and  a taxi 
driver  they  had  commandeered 
before  the  rampage  ended  with 
their  capture. 

Three  other  officers  and  two 
civilian  passers-by  were  injured 
in  the  incident  Tuesday  mghL 

The  suspected  killers,  a teen- 
age girl  and  an  unidentified 


young  man.  were  captured  after 
a shoot-ou  L The  male  suspect, 
believed  to  be  21,  was  shot  in 
the  head  and  stomach,  and  was 
hospitalized  in  very  serious  con- 
dition and  unable  to  speak. 

The  woman,  19,  refused  to 
talk  to  police.  She  was  identi- 
fied as  Florence  Ray,  from  the 
working-class  suburb  of  Argen- 
teuil  She  and  her  companion 
had  been  living  as  squatters  in 
an  abandoned  building. 

Their  motive  remained  a 


mystery,  but  investigators  sug- 
gested that  the  pair  felt  alienat- 
ed from  society. 

To  make  their  getaway  after 
seizing  the  police  guns,  the  cou- 
ple commandeered  the  taxi  Af- 
ter the  driver  deliberately  drove 
into  a police  car.  the  couple 
opened  fire,  killing  the  police- 
men and  the  taxi  driver. 

Rightist  political  leaders,  in- 
cluding Jean-Marie  Le  Pen  of 
the  far-right  National  Front, 
said  the  best  response  would  be 


to  reinstate  the  death  penalty 
for  certain  offenders.  France 
abolished  capital  punishment 
in  1981. 

Police  unions  demanded  that 
the  government  provide  more 
funds  and  manpower  for  law 
enforcement.  And  about  500 
taxi  drivers  assembled  their  ve- 
hicles in  honor  of  their  slain 
colleague,  Amadou  DiaHo,  49, 
an  immigrant  from  French  Gui- 
ana. 

(AP.  Reuters) 


European  airfine  passenger  traffic  grew  by  55  percent  in  August 
over  the  same  month  last  year,  usually  the  airlines’  busiest  month, 

the  Association  of  European  Airlines  said  in  Brussels.  (Reuters) 


. ~ ■ TZ,-.  uas  vorea  to  Dan  smoking  on 

all  international  flights  to  and  from  the  United  States.  The  bill 
now  goes  to  the  Senate,  but  an  aide  said  no  action  was  expected 

(rmm) 

foST*1188  eXteo?ed  7“*  for  Japanese  visitors 

through  1995  to  promote  tourism,  the  Justice  Ministry  stud 
Wednesday  m SeooL  J 


To  call  from  country  to  country,  or  to  the  U.S.,  dial  the  WorldPhone®  number  of  the  country  you're  calling  from. 


Improve 
The  World's 


Antigua 
(Available  from  public  card 
Argentina* 

Austria  I CO* 

Bahamas 

Bahrain 

BdghimlCC]* 

Bermuda-? 

Bolivia* 

Brazil 
CanadaiCGI 
Carmen  Wanda 
CMetcci 
Colombia  ICO* 

Costa  Rica* 

Cyprus* 

Czech  RepubSdCCi 


phones  onfy.i  #2 
001-800-333-1111 
022-903-012 
1-800-624-1000 
600-002 
0800  10072 
1 -BOO- 623-0484 
MOO-2222 
000-8012 
1-800-888 -8000 
1-800-624-1000 
OOy-0316 
380-164)001 
162 
080-90000 
0*42-0001 12 


Den  marie  iCQ* 

Do  min  Iran  Republic 
Ecuador* 

Egyptica* 

(Outside  of  Ceiio,  dial 
El  Salvador* 
FmJintflCti* 
FrancotCO* 

Gambia* 

Garmanyicn 
{Limited  availability  in 
GmtetCCl* 

Grenada-:- 

Guatemala* 

HaMCCtf 

Honduras* 

HungaryiCCt* 


80014)022 

1-800-751-6624 

170 


02  first.) 


£5-5770 
195 

9800-102-80 
19*4)0-19 
00-1-99 
01304)012 
eastern  Germany.) 

00-8001211 

1-800-624-8721 

189 

001-800-444-1234 
001-800-674  7000 
Q0V-8OO4)  141 1 


Iceland* 

Iran* 

MandiCCt 
tembCCi 
1ta)yi«** 

Jamaica 
Kenya 

(Available  from  most  major  cities.)  08001 1 

Kuwait  80D-MCI(80 0-6241 

LabenaroCO  600-024 

(Outside  of  Beirut,  dal  01  lirst.l  425-036^- 


999-002 
[Special  Phones  Only) 
1-800-56-1001 
177-150-2727 
172  1022 
800-674-7000 


LiechtensteirKCCi* 
Luxembourg 
Mexico*. 

MonawKC), 
NetherfondsiCO* 
Netherlands  Antawxw- 


7554)222 

0800-0112 

95-600-674-7000 

19V-00-19 

06-022-91-22 

001-800-950-7022 


Nicaragual  CO 
(Our side  of  Managua. 

Norway)  CO, 

Panama 

Military  Bases 

Paraguay-!- 

Pem  I Outside  of  Lima. 

Poland- CO 
Portugal!  co 
Puerto  RteoiCC  i 
QatariCCi# 

Raman  iarccM- 
Russia!  CO-1.- 
San  Marino'CCl* 
Saudi  Arabia 
Slovak  Roputriic'CCl 
South  AfrfcaivXi 


dial  02  first)  166 

800-19912 
108 

2810-108 
008-11-800 
dial  190  firsL)  001-190 

Or-0 1-04-8QO -222 
054)17-1234 
1-800-888-8000 
0800-012-77 
01-800-1800 
8*10-800-497-7222 
172-1022 
1800-11 
00-42-000112 
0800-99-0011 


900-994)014 

020-798-922 

1554)222 

0800 

(Spatial  Phones  Only) 
00-8001-1177 
8v104)13 
800-111 


SpahKCQ 
Sweden!  ecu 
Switzerland  tea* 

Syria)  CG 

Trinidad  & Tobago 
Turkoy* 

Ukraine* 

Unhad  Arab  Emirates 
United  Kingdomica 
To  call  ttie  U.S.  using  BT  0800484)322* 
To  call  me  US.  using  MERCURY  0600-894)222+ 
To  call  anywhere  other  than  the  U.S. 

0500-800-800 

Uruguay  (Collect  not  available.)  000-412 
U.S.  Virgin  MandslCQ  1-800-888-8000 

Vatican  ChytCCi  172-1022 

Venezuela**  800-1114-0 


Use  your  MO  Card,*  local  telephone  card  or  call  collect-all  at  the  same  low  rates. 
ICC)  Country-to-country  calling  available.  May  not  be  available  tortrom  all  international  locations.  Certain 
restrictions  apply.  4-  Limited  availability.  V Wail  far  second  dial  tone.  A Available  Irom  LAOATEL  public 
phones  onlv.  Rate  depends  on  call  origin  in  Mexico.  T International  communications  earner.  * Not  avail- 
able from  public  pay  phones.  ♦ Public  phones  may  require  deposit  of  com  or  phone  card  for  dial  tone. 


r0A2T 

FremMCf Let  Take  You  Around  The  World 


-Yvti,  ; 


Printed  by  Newsfax  International.  London.  Registen.il « a newspaper  at  the  post  office. 


. - . , ->■  As  jUPPf 


James  Baker  Joins  Parade  of  Republicans  Aiding  North 


■** 


ok 


. -v  c Maureen  Dowd  overiookmg  the  Potomac  River,  Mr. 

V Aic - Baker  explained  why  he  was  support- 
ALLaANDRIA,  Virginia  — The  mg  the  candidate  whom  Ronald  Rea- 
• u'.:  man  who  was  a major  force  in  the  gan  publicly  renounced  early  in  the 
. success  of  the  Reagan  While  House  campaign 

has  come  to  Virginia  to  pay  coun  to  Asked  if  he  thought  Mr.  North  was 
■'  .7:  w**osc  actions  could  have  top-  trustworthy,  given  ms  involvement  in  a 

7 p'**  ,u  _ plan  that  basically  hijacked  foreign 

James  A.  baker  3d,  the  former  policy  in  the  Reagan  administration, 
< . White  House  chief  of  staff,  secretary  of  by  providing  illegal  aid  to  the  contra 
lt the  Treasury  and  secretary  of  slate,  rebels  in  Nicaragua,  Mr.  Baker  said,  “I 
joined  the  pilgrimage  of  Republican  am  confident  enough  to  support  his 
' ...  presidential  prospects  campaigning  candidacy  and  to  be  here  tonight.” 
with  Oliver  L.  North  in  his  attempt  to  He  added  that  he  did  not  remember 
■\  join  tbe  Senate  he  once  defied.  any  instance  “where  I was  personally 

Like  Senator  Bob  Dole  of  Kansas,  involved”  in  which  Mr.  North  had 
.. : who  campaigned  with  Mr.  North  last  been  untrustworthy. 

.-  month,  Mr.  Baker  cannot  afford  to  Mr.  Baker's  appearance,  which 
alienate  the  conservative  Republicans  pleased  some  Republicans,  surprised 
and  members  of  the  religious  right  in  others  and  disappointed  still  others. 
Virgmia  and  around  the  country  who  was  taken  as  the  surest  sign  yet  that  he 
•’  • support  the  former  National  Security  was  seriously  considering  running  for 
. ■>  Council  offidaL  This  group  will  play  a president  in  1996. 

' . '•  major  role  in  the  selection  of  the  1996.  . Asked  whether  this  was  a sign  that 
- Republican  presidential  nominee.  he  was  running,  Mr.  Baker  grinned 
: Mr.  Baker,  who  gained  a reputation  and  gave  one  of  his  trademark  equivo- 
; as  an  official  who  knew  how  to  asso-  cations.  “I’m  running  for  the  county 
7 date  himself  with  success  and  distance  line,"  he  said.  Growing  more  serious, 
1:>. -^umself  from  failure,  seems  to  have  he  added,  “It's  too  early  to  rule  it  in  or 
. 'decided  that  Mr.  North  is  destined  for  ouL” 

WliitaD  s**®*®-,  . Mr.  Baker,  who  helped  the  North 

lusifc  In  an  interview  after  his  appearance  campaign  raise  $50,000  on  Tuesday 
s TUesday  night  with  Mr.  North  at  a night,  followed  recent  appearances  by 
. r fund-raising  event  at  a posh  home  former  Vice  President  Dan  Quayle; 


Mr.  Dole;  Senator  Phil  Gramm  of 
Texas,  and  Jack  F.  Kemp,  the  former 
secretary  of  housing  and  urban  devel- 
opment. Mr.  North  also  received  a 
letter  of  endorsement  from  former 
President  George  Bush. 

Sitting  in  an  office  in  the  house  on 
the  Potomac,  Mr.  Baker  told  a group 
of  reporters  that  he  had  decided  to 
endorse  Mr.  North  because  “having  a 
Republican  Senate  is  extraordinarily 
important" 

He  added:  ‘Tve  lived  through  the 
experience  of  having  one  and  not  hav- 
ing one.  If  you  had  spent  20  years 
working  to  build  the  Republican  Party 
the  way  I have,  you  would  know  that 
it’s  important  to  support  the  party’s 
nominees  when  they  have  an  excellent 
chance  to  get  into  a legislative  body 
like  the  Senate.” 

He  said  be  saw  no  irony  in  his  sup- 
port of  a man  who  was  in  the  center  of 
the  scandal  that  could  have  derailed 
not  only  Ronald  Reagan  but  also  Mr. 
Bush. 

“I  don’t  see  any  irony  there,"  be 
said  “I’ve  already  told  you  that  I don't 


absent  from  the  national  stage  since 
his  unsuccessful  turn  as  Mr.  Bush's 
1 992  campaign  manager,  noted  that  he 
had  been  in  20  states  recently,  cam- 
paigning for  Republican  senatorial 
candidates. 

Mr.  Baker  did  not  say  anything  criti- 
cal of  Senator  Charles  S.  Robb,  Mr. 


support,  after  the  initial  reluctance  by 
Reagan  officials  to  laid  a hand,  Mr. 
North  smiled  and  said,  “Yeah.” 

“They  want  a Republican  U.S.  Sen- 
ate,” he  said  “I  do,  too.” 

Not  everyone  was  pleased  with  the 
events  Tuesday  night  When  asked 
about  Mr.  Baker’s  appearance,  Warren 


North's  Democratic  opponent.  And  he  ML  Rudman,  the  former  Republican 
said  he  was  a “good  Fneod”  of  Senator  senator  from  New  Hampshire,  who 
John  W.  Warner’s.  Mr.  Warner  is  the  was  a co-chairman  of  the  special 
Virginia  Republican  who  has  come  out  House-Senate  panel  that  interrogated 
against  Mr.  North’s  candidacy  and  has  Mr.  North  in  1 987,  said: 
thrown  his  support  behind  J,  Marshall  “I  find  the  whole  thing  disturbing, 
Coleman,  a Republican  running  as  an  frankly.  But  1 guess  I’m  in  a minority.  I 
independent  personally  strongly  held  the  view  that 

he  was  lying  to  Congress  and  that 


Using  precise  language  to  explain  a 


decision  that  he  cast  as  a purely  politi-  means  lying  to  the  .American  people. 

,.i  , I ■ s «_• ■ I-  . »rr T j .. 


cal  one,  Mr.  Baker  explained  his  posi- 
tion by  saying  that  be  had  even  cam- 
paigned for  an  incumbent  Republican 
— identified  by  an  aide  as  Senator 
James  M.  Jeffords  of  Vermont  — who 
supported  President  Bill  Clinton's 
health  care  program,  “with  which  I 
violently  disagree." 

As  for  Mr.  North,  who  was  wearing 
a dark  suit  and  cowboy  boots,  an  outfit 


And  that  is  a serious  offense.  I don't 
care  if  be  was  released  on  a technical- 
ity." 

Mr.  North  was  convicted  in  1989  of 
aiding  and  abetting  and  obstruction  of 


agree  with  some  of  the  things  he  did'  that  Mr.  Baker  favored  when  he  was  a 
and  said.  That  doesn’t  mean  that  I Washington  official,  he  greeted  Mr. 
would  not  prefer  to  have  Republicans  Baker  with  a respectful  smile  and  “Sec- 
get  control  of  the  Senate.  It  could  well  rotary,  how  are  you?” 
come  down  to  one  seat.”  When  asked  if  he  was  pleased  with 

Mr.  Baker,  who  has  been  largely  the  parade  of  big-league  Republican 


gal  gratuity.  The  convictions  were 
overturned  on  appeal  because  his  trial 
had  been  “tain  tod"  by  testimony  he 
gave  under  a grant  of  immunity  during 
the  congressional  hearings. 

Mr.  Rudman  added:  “The  pilgrim- 
age to  Virginia  just  proves,  as  a Repub- 
lican leader  once  said,  that  ‘Some  days 
you  just  have  to  rise  above  principle.’  ” 


Walking  Every  Mile  Together 

At  White  House,  Clinton  Vows  Continued  Aid  to  Mandela 


7 \ ife 


Dennis  Coak/Tbe  AuodaBd  Pre&t 

President  Mandela  speaking  at  a White  House  ceremony  as  President  Clinton  looked  on. 


By  Maiy  Ann  French 
and  Donnie  Radcliffe 

Washington  Post  Semce 

WASHINGTON  — They  came  from  opposite 
sides  of  the  racial  divide,  cufferent  shores  of  the 
sea  and  separate  generations.  But  President  Bill 
Clinton  reminded  President  Nelson  Mandela  of 
South  Africa  that  they  are  in  similar  straits  as 
leaders  of  countries  where  equality  is  still  far 
from  reality. 

Mr.  Mandela  was  here  looking  for  money  and 
material  investment  to  battle  a new  war,  one 
against  poverty,  hunger,  joblessness,  homeless- 
ness, disease  and  illiteracy — obstacles  that  have 
yet  to  be  overcome  in  the  United  States. 

Mr.  Clinton,  calling  himself  a “child  of  the 
southern  part  of  our  country  who  grew  up  in  a 
segregated  environment  and  saw  firsthand  its 
horror  and  debasement,"  has  offered  the  help  of 
the  United  States  in  solving  the  continuing  prob- 
lems of  South  Africa. 

“We  will  walk  every  mile  with  yon,"  Mr. 
Clinton  told  Mr.  Mandela  in  an  official  state 
welcome  on  Tuesday,  “and  trill  not  grow  weary 
on  the  way. 

“The  struggle  in  South  Africa  has  always  had  a 
special  place  in  the  heart  of  America,”  Mr.  Clin- 
ton continued.  “For  after  all,  we  fought  our  own 
most  terrible  war  here  in  our  own  land,  over 


slavery.  And  our  own  civil  rights  movement  has 
taken  strength  and  inspiration  from,  and  given 
aid  to.  your  fight  for  liberty.  Americans  take 
great  pride  in  the  role  we  played  in  helping  to 
overturn  apartheid,  and  in  supporting  the  Tree 
elections  which  produced  your  presidency.” 

The  two  presidents  continued  a sober  celebra- 
tion of  their  alliance  at  a state  dinner. 

Mr.  Clinton  read  an  excerpt  from  a letter  Mr. 
Mandela  wrote  during  his  27  years  as  a political 
prisoner  to  his  daughter  Zinzi  Mandela- HI  ong- 
wane,  who  is  traveling  with  him. 

“While you  have  every  reason  to  be  angry  with 
the  fates  for  the  setbacks  you  may  have  suffered 
from  time  to  time,"  he  read,  “you  must  vow  to 
turn  those  misfortunes  into  victories.  There  are 
few  misfortunes  in  this  world  you  cannot  turn 
into  personal  triumphs  if  you  have  the  iron  will 
and  necessary  skills." 

Mr.  Clinton  then  turned  to  his  guest  and  said: 
“President  Mandela,  you  have  shown  us  the  iron 
will  and  the  necessary  skill.” 

Mr.  Mandela,  in  turn,  raised  his  glass  and  said 
gravely:  “The  United  States  and  its  people 
played  a significant  role  in  the  straggle  against 
apartheid  and  all  that  it  stood  for.  We  salute  you 
for  taking  our  concerns  as  your  own.” 


APOLITICAL  NOTES  A 


Perot’s  Advices  Give  Republicans  a Turn 

WASHINGTON  — Ross  Perot,  the  independent  1992 
presidential  candidate,  is  proposing  that  Americans  “send  a 
message"  b\  giving  Republicans  control  of  both  houses  of 
Congress. 

"J  have  a simple  proposal  for  the  American  people."  Mr. 
Perot  said  on  CNN’s  “Larry  King  Live."  The  proposal  was 
that,  with  few  exceptions,  Americans  vote  only  for  Republi- 
can candidates  in  House  and  Senate  races  this  November. 

Mr.  Perot  asserted  that  Democrats  had  not  done  a good 
job  in  their  stewardship  of  Congress.  In  the  past,  Mr.  Perot 
has  been  equally  critical  of  Republicans,  particularly  Presi- 
dent George  Bush. 

Mr.  Perot  urged  voters  to  “give  the  majority  — there  arc 
some  great  Democrats  there  and  you  don’t  want  to  wipe  them 
out  — but,  by  and  large,  give  the  Republicans  a majority  in 
the  House  and  Senate  and  say.  'All  right,  now,  we're  going  to 
let  you  guys  have  j turn  at  bat.'  " 

Republicans  need  to  win  seven  seats  to  capture  the  Senate 
and  40  seats  to  gain  control  of  the  House.  (AP) 

Got  a Question?  They  Have  the  Answer 


WASHINGTON'  — These  days,  with  everybody  tap-tap- 
ping into  computer  nets  to  find  out  everything  from  hog 
prices  to  MTV'sTop  MX  it  might  he  comforting  to  know  that 
you  can  still  get  the  answer  to  almost  anything  with  a simple 
phone  call. 

The  venerable  Federal  Information  Center,  started  by 
Lyndon  B.  Johnson  in  19o5  in  “wage  war  on  gobbledygook." 
handled  99.000  calls  in  one  recent  momh  front  people  who 
had  questions  for  the  federal  government. 

The  information  center  ran  (ell  you  anything  the  federal 
government  knows  which,  despite  rumors  to  the  contrary'- 
practically  anything  at  all. 

“Today  someone  called  me  who  was  playing  some  kind  of 
game  in  his  office,  and  he  knew  the  first  few  words  of  a 
national  anthem,  but  he  didn't  know  where  it  came  from,” 
said  a center  specialist.  David  Hare.  But  the  Library  of 
Congress  had  a book  on  il  — they  ha\c  books  about 
excrvihing  — and  Mr.  Hare  told  his  client  where  to  get  a 
copy. 

The  number  is  I -SOU-347- 1997.  A tape  recording  asks  you 
to  punch  a number  if  you  want  to  talk  about  any  of'the 
center's  top  four  topics:  getting  a federal  job;  income  tax; 
immigration:  Social  Security. 

But  wait.  If  you  press  5 for  “information  on  other  federal 
agencies  or  programs."  interesting  things  happen.  Without 
much  delay,  a pleasant- voiced  person  like  Mr.  Hare  comes  on 
the  phone  offering  help  for  any  harebrained  scheme  or  Trivial 
Pursuit  answer  you  could  wish.  ( If  'PI 

First  Lady’s  Brother  Wins  Florida  Runoff 

MIAMI  — Hugh  Rodham.  Hillary  Rodham  Oimon’s 
brother,  appeared  to  be  the  undisputed  winner  Wednesday  of 
a runoff  election  to  determine  the  Democratic  candidate  for 
Senate  from  Florida. 

With  99  percent  of  precincts  reporting.  Mr.  Rodham,  a 
Miami  lawyer,  had  58  percent  of  the  vole,  compared  with  42 
percent  for  his  opponent.  Mike  Wiley,  an  unemployed  talk 
show  host  from  Orlando,  election  officials  said.  (Reuters) 


Quote/Unquote 


Agriculture  Secretary  Mike  Espy,  in  Missouri  for  a sympo- 
sium le&s  than  24  hours  after  he  announced  his  resignation 
after  months  of  questions  about  his  use  of  government  perks 
and  acceptance  of  gifts:  “I’m  delighted" to  be  here.  I'm 
delighted  to  be  anywhere  outside  of  Washington."  (AP) 


FI  ! I’imT  , 


Away  From  Politics 


• Hie  judge  in  die  Oi.  Simpson  murder 
case  has  intensified  his  battle  with  news 
organizations  by  banning  the  second 
largest  newspaper  in  Los  Angeles  from 
his  courtroom  because  erf  a leaked  story. 
Judge  Lance  A lto  was  punishing  The 
Daily  News  for  an  article  about  a ques- 
tionnaire for  potential  jurors,  which  the 
paper  obtained  a day  before  it  was  offi- 
cially released.  The  Daily  News  chal- 
lenged. his  ruling  as  usconstituticntaL 

• A federal  judge  in  San  Francisco  has 
declared  California's  gas  chamber 
“is  inhumane  and  has  no  place  in  civi- 


lized society”  and  has  ruled  it  unconsti- 
tutional If  upheld,  the  ruling  would  re- 
quire the  state  to  execute  prisoners  solely 
. by  lethal  injection,  a method  added  as  an 
option  by  state  law  in  1992. 

• A bomb  threat  forced  an  Aeroflot  air- 
liner to  make  an  emergency  landing  in 
Gander,  Newfoundland.  The  Moscow- 
Chicago  flight  continued  after  a search. 

• The  Postal  Service  wffl  begin  accepting 
credit  and  bank  debit  cards  at  33,000  of 
its  post  offices.  Officials  said  it  would 
take  two  years  to  phase  in  use  of  credit 


cards  across  the  nation.  They  have  been 
in  use  at  550  test  sites  in  Washington, 
D.C,  Orlando,  Honda,  and  Dallas-Fort 
Worth  for  15  months. 

• The  Board  of  Education  In  Hartford, 
Connecticut,  has  agreed  to  turn  over  the 
day-to-day  operation  of  the  city’s  32 
schools  to  a contractor,  making  Hartford 
the  first  community  in  the  country  to 
completely  privatize  its  public  school 
system,  the  decision  follows  years  of 
frustration  among  p area  is  and  educators 
with  the  performance  of  the  city's 
schools.  AP.  LAT.  »T 


i-s  * 
ft  tt‘ 

= •• 
a «-*•  * 

1 ■ ■ 

**'- 

aswi  ■ - 

f.  U - • 

b** 

sarii 

Or-W  • 

!i. 


„£  *' 


Oklahoman  Shuns  Clinton’s  Coattails 


! 5*- 


at*  !?■•“** 


ft*- 

a# 


«**«-*'*  ’ 


- if** 


I 1** 


— 

j * "■ " ' 


w.  By  R.W.  Apple  Jr. 

New  York  Times  Service 

OOLOGAH,  Oklahoma  — 
President  B31  Clinton  is  proba- 
bly more  unpopular  in  this  state 
than  in  any  other,  says  one  of  its 
senators,  David  L.  Boren,  a 
Democrat  who  is  retiring  this 
year. 

“When  BUI  Clinton  ran  for 
president,  people  here  hoped  he 
was  one  of  them,"  Mr.  Boren 
explained  in  an  interview.  “Our 
guy  next  door,  they  thought. 

New  Democrat,  a lot  less  liberal 
than  Dukakis  or  Moodale  or 
Carter." 

He  was  referring  to  two  for- 
mer Democratic  presidential 
candidates.  Michael  S.  Dukakis 
and  Walter  F.  Mondale,  and 
former  President  Jimmy  Carter. 

“So  be  carried  the  state,'’  Mr. 
Boren  continued.  “Now  they’ve 
decided  he  ran  under  false  col- 
ors, and  that  has  infuriated 
them." 

Which  is  why  Representative 
Dave  McCurdy,  the  Democrat 
who  is  running  for  Mr.  Boren’s 
seat,  is  so  frustrated.  The  more 
he  tries  to  suggest  that  he  is  a 
real  New  Democrat,  unlike  Mr. 
Clinton,  the  more  bis  Republi- 
can opponent,  Representative 

James  M.  Inhofe,  portrays  him 
as  a Clinton  done. 

If  the  president  has  a champi- 
on in  Oklahoma  this  midterm 
dection  season,  his  voice  is 
faint,  and  his  sword  is  dulL 

Mr.  McCurdy  has  not  invited 
Mr.  Clinton  to  come  to  Oklaho- 
ma to  campaign  for  him.  When 
he  is  asked  whether  he  intends 
to,  he  replies  that  he  has  asked 


the  country  singer  Garth 
Brooks  instead. 

A survey  taken  lasL  weekend 
by  Kielhora  & Associates,  a 
Democratic  consulting  firm, 
put  Mr.  McCurdy  6 percentage 
points  up;  a poll  completed 
only  a few  days  earlier  by  Cole 
Hargrave  Snodgrass  & Asso- 
ciates, a Republican  firm,  gave 
Mr.  Inhofe  a 5-point  edge. 

Gary  Copeland,  a political 
scientist  and  associate  director 
of  the  Carl  Albert  Center  at  the 
University  of  Oklahoma,  said 
be  was  “as  confounded  as  any- 
body by  the  disparity." 

But  he  said  he  considered  an 
Inhofe  victory  improbable  be- 
cause of  the  huge  Democratic 
registration  edge  in  the  state 
and  Mr.  McCurdy’s  greater 

prominence. 

The  race  here,  one  of  a hand- 
ful that  trill  help  decide  which 


party  controls  the  Senate  for  CounriL  said  he  had  been  dis- 
ihe  last  two  years  of  the  presi-  appointed  by  what  he  termed 
dent’s  term,  is  like  many  this  the  president’s  “screwed-up  pri- 
year,  only  more  so.  orities.” 

Few  Democratic  candidates 
are  eager  to  embrace  a presi- 
dent down  on  his  political  luck, 
and  voters  everywhere  speak  erf 
their  disillusionment  with  Mr. 

Clinton  on  questions  like  family 
values  and  personal  responsi- 
bility. 


“Every  time  the  president  has 
needed  a vote,”  said  Mr.  Inhofe 
on  Monday  at  the  Liberty  Glass 
Co.  factory  in  Sapulpa,  near 
Tulsa,  “Dave  McCurdy  has 
been  right  there  with  him  — on 
the  budget,  for  example,  and 
gun  control." 

Mr.  McCurdy,  a leader  on 
Capitol  Hill  who  succeeded  Mr. 
Clinton  as  chairman  of  the  cen- 
trist Democratic  Leadership 


‘Tve  been  critical  of  him 
from  Day  1 on  foreign  policy," 
Mr.  McCurdy  said.  "He  should 
have  been  concentrating  on 
Russia,  China,  Korea,  the  Mid- 
dle East,  but  instead  he's  been 
messing  around  in  Bosnia  and 
Somalia  and  Haiti.  I wanted 
more  spending  cuts,  and  I spon- 
sored alternative  health  care 
and  welfare  reform  bills." 

Oklahoma  is  a deeply  conser- 
vative state,  especially  on  what 
voters  term  “the  morality  is- 
sue," a heading  under  which 
they  group  questions  about  the 
president’s  private  life  and  top- 
ics like  abortion,  homosexuals 
in  the  military  and  pray 
public  schools. 


•* 

up*  " 


„ Tbur  Studio  or 
'Apartment  in  Paris 
far  I day.  I week  or  more 
quality  at  3***  prices 
jk.  ClTA  DINES  HAUSSMANN 
/A  129-13?  Bd.  Haussmarm 

td,:  (?)  53T?CTWf1k-.  <1145634664 

Ask  about  Oyrmctal 
tor  Herald  Tribune  reapers 


PLEASE  NOTEAALf 


i*v : --*  ■ 1 


nere  to  find  the  Worlds 
Finest  Hotels  and  Resorts. 


The  Oriental,  Bangkok 
Mandarin  Oriental,  Hong  Kong 
Mandarin  Oriental,  Jakarta 
The  Rirz,  London 
Mandarin.  Oriental,  Macau 
Mandarin  Oriental,  Manila 
Mandarin  Oriental.  San  Francisco 
The  Oriental.  Singapore 
Baan  Taling  Ngam,  Thailand 
Phuket  Yacht  Club)  Thailand 
Hoed  Bela  Vista,  Macau 

The  Excelsior  Hong  Kong 


MANDARIN  ORIENTAL 


THE  HOTEL  GROUP 


SM 


UK  OSUd  26  6 7 « roll  tree: 

Yuma  0590  70  *.'7  uol!  * Ge™™  0,?0*!  40 f •[,ul]  ^ ' S?3‘?  "'  V**  -:oli 

fff  iTn'Tiin  t-^rriwPitkwU.  Uccll  Inrernanonal.  or  your  navel  professional. 


CONCISE, 

YET  COMPREHENSIVE. 

That's  what  our  subscribers 
are  saying  about  us.* 


Subscribe  now 
and  save  up  to 


off  the 
cover  price 


CALL  US  TOIL-FREE 


' AUSm-  0660  8155  .'.  LUXEMBOURG:  0800  2703 

\ • ;BB£3UM-' ' -0800  1 7538  . -SVVnZEiilAND:  155  57  57 
• ...FRANCE:  05437437  , fi^NHHERLANDS;  060225158 

' GmWM  '- 01 30  848585  UNITED  KINGDOM-.  080089  5965 

• ' iN?BEUS;ni.800-8822884 

' NHO^KONG:t8^9222-tI8a 
* The  1 994 1HT  Reader  Satisfaction  Survey. 

Or  send  in  the  coupon  below. 


Subscription  Rates  & Savings  Off  IHT  Cover  Pnces. 


HAND  DEUVERY  AVAILABLE  IN  MOST  COUNTRIES 


I 

CourttytCterericy 

12  months 
+ 2 months 
FREE 

* 

SAVINGS 

jfera  y** 

6 months 
+1  month 
FREE 

3 months 
+ 13  FREE 
mwoa 

1 

1 Auana 

ASdi 

6.000 

37  ■ 

3JOO 

1,800 

B.Fr. 

14JDOD 

■ 38 

7,700 

4.300 

DXr. 

3.400 

33' 

1.900 

1,050 

Ftntand 

F.M. 

2.400 

40. 

1.300 

700 

j 

France 

F.F. 

1.850 

■ 40'  ' 

1.O70 

590 

Germany* 

DAL 

700 

■REHW 

9E9 

210 

Great  Bntaln 

C 

210 

<*a 

115 

85 

Grease 

Dr 

75,000 

EHEjBK 

41.000 

22.000 

Oil 

230 

125 

« 

Urfi 

260,000 

145.000 

Lfr. 

14.000 

WKT3SM 

7,700 

4 ZOO 

Nattoriarefe 

Ft 

770 

■ ■■  40 

420 

230 

Norway 

NKr. 

3.500 

wrro 

1.900 

■UJ50 

Esc. 

47X100 

wtrrmm 

26,000 

14.000  | 

I Soaln 

PBS- 

48.000 

' . 34-  • 

26.500 

14,500  1 

Pias. 

%000 

- M " ■ 

27  JOT 

B»vi=  * - in 1 m 

S.Kr. 

3,100 

EBET9S 

1,700 

900 

-handdBtivwy 

SKr. 

3.500 

mail 

7.900 

1,000 

Swsffirtand 

Si=r 

810 

44.- 

335 

18S 

H««c<  Euiopo,  e>  CE1 

SI 

485 

■ . m 

265 

145 

5 

830 

m 

345 

190 

S 

780 

M&fll 

430 

235 

1 RfiatolAfnca 

s 

900 

••  -a 

<95 

270 

* RjimtormaWnconcemiro  tand-<te»voiy  In  major  German  ttbaa  cal  tofllree  fHT 

Germany  ar  01 30-84  8S  85  or  fax  (668|  175413.  Under  German  regulations,  a 2-meek 
free  period  Is  granted  lor  all  new  orders. 

^ DNTER1VUTI01VAL 

1- 

itlcrali 

rtbi 

ime 

THE  WWSPAPES  YOU  11  ENJOY  SHADING  EVERY  DAY. 

. 

Yes,  I wont  to  start  receiving  the  IHT.  This  is  the  subscription  term  I prefer 
[check  expropriate  boxes}: 

HI  12  months  (364  issues  in  aU  with  52  bonus  issues). 

0 6 months  {182  issues  in  ail  with  26  bonus  issues). 

□ 3 months  [91  issues  in  ofl  wWi  13  bonus  issues). 

0 A/ty  diedc  is  enclosed  (payable  to  the  International  Herald  Tribune). 
Q Please  charge  my.  O American  Express  □ Diners  Gub  □ VBA 
C MasterCard  D Eurocard  □ Access 

Credit  card  charges  wiB  be  mode  in  French  Francs  at  current  exchange  roles. 


card  acct.no. 


,SCNATUfiL 


EXP.  DATE 

FOR  BUSINESS  ORDERS.  Pl£A5£  NDtCATE  YOUR  NUMBER. 

[IHT  VATiMrfcer.  FW32021  lfdTT 
U Mf.DMnO  Mb  FAAItILY NAME 


RtSTNAWE, 


PERMANENT  ADDRESS.  □ HOME  D BUSnsESS. 


OTY/CODE. 

OXINWL. 


TEl. 


.FAX. 


CCCHG 1/4 
9“ 


Rotum  your  completed  coupon  IK  Subscription  Manager. 

MT,  181  Avenue  GvarWdrGaufle,  92521  Notify  CedegFrann. 

Fmc  33.1.46  37  0451  -Tet  311.4637  TO  61 

Thii  after  expirac*  December  31,  ]99e  end  ii  evmfaW*  to  new  subscribers  only. 


t 


Page  4 


THURSDAY,  OCTOBER  6,  1994 


©PINION 


llcralb 


INTERNATIONAL 


Pabli*hrd  With  Tin?  iVw  York  Hmrs  and  The  Waskinylnn  Pb#t 


eribunc  Disaster  for  Bosnia  Muslims  Unless  the  Sellout  Stops 

Washington  Fbat  %J 


Maybe  a Vote  for  Chang 


Just  possibly,  it  is  the  end  of  the  Kohl 
era  after  alL  When  Germany  votes  in  10 
days'  time,  the  man  who  has  led  it  for  the 
past  12  years,  from  half-country  to  Eu- 
rope’s greatest  power,  may  not  be  the 
winner  he  seemed  only  a few  weeks  ago. 

It  would  not  be  Helmut  Kohl's  own 
fault  Over  the  summer  the  doughty  old 
fighter  has  rallied  his  Christian  Democrats 
out  of  their  early- 1994  retreat  in  the  opin- 
ion polls.  His  chief  opponents,  the  Social 
Democrats,  have  wilted  under  the  gray 


leadership  of  Rudolf  Scharping.  If  Mr. 
Kohl  loses,  it  will  be  because  the  underpin- 
nings of  German  politics  have  shifted. 

Although  the  polls  say  clearly  they  will 
survive,  the  Free  Democrats,  junior  part- 
ners in  almost  every  modem  German 
government,  right  or  left,  conceivably 
might  not  make  it  to  the  Bundestag.  Their 
beloved  Hans-Dietrich  Genscher  pulled 
out  of  politics,  exhausted,  two  years  ago. 
A party  of  Lhe  musing  center  may  anyway 
noL  be  what  the  voters  of  the  powerful 
new  Germany  warn.  Beaten  in  a series  of 
recent  stale  ejections,  the  Free  Demo- 
crats could  fail  to  win  the  5 percent  of  the 


vote  they  need  to  claim  any  seats  on  Oct. 
16.  And  without  them  Mr.  Kohl  cannot 
command  a Bundestag  majority. 

The  Social  Democrats  cannot  win  out- 


right, either.  But  Mr.  Scharping,  unlike 
Mr.  Kohl  has  the  necessary  underpin- 


Mr.  Kohl  has  the  necessary  underpin- 
nings. The  Greens  will  almost  certainly 
hold  a chunk  of  the  new  Parliament.  The 
ex-Communists  of  the  Party  of  Demo- 
cratic Socialism  may  win  enough  seats  by 
direct  vote  in  Eastern  Germany  to  be 
there  as  well  If  the  Greens  vote  for  Mr. 
Scharping  and  the  PDS  does  not  vote 
against  him,  here  could  be  the  makings  of 
a new.  Social  Democrat-led  coalition  — 
or,  at  the  least,  a clumsy  mating  of  Social 
Democrats  and  Christian  Democrats 
which  would  probably  eject  Mr.  Kohl 
from  the  chancellorship. 

This  would  not  necessarily  be  the  best 
answer  for  either  of  Germany' s two  main 
current  problems.  At  home,  the  Germans 
must  get  their  public-sector  deficit,  swol- 
len by  unification,  under  control  The 
Kohl  government  is  heading  for  a healthy 
improvement  next  year,  the  Organization 


Russia’s  Stolen  Paintings 


The  Hermitage  Museum  in  SL  Peters- 
burg has  given  a sardonic  twist  to  Andre 
Malraux’s  description  of  the  arts  as  “the 
voices  of  silence"  For  nearly  SO  years,  the 
museum  has  maintained  total  silence 
about  scores  of  French  Impressionist  and 
post-impressionist  paintings.  Most  were 
the  lawful  property  of  a private  collector  in 
Weimar.  Many  were  listed  as  lost  or  de- 
stroyed in  Germany  during  World  War  H, 
when  intact  they  lay  hidden  in  the  muse- 
um. So  closely  was  the  secret  kept  that 
Mikhail  Pyotrbvsky.  the  Hermitage’s  di- 
rector, did  not  see  the  paintings  until  1991 . 

Mr.  Pyotrovsky  has  now  arranged  for 
the  public  showing  in  March  of  such  lost 
masterpieces  as  Degas's  “Place  de  la  Con- 
corde." But  on  the  matter  of  returning  the 
paintings  he  is  evasive,  saying  tins  is  “a 
legal  question.”  In  truth,  that  legal  ques- 
tion was  settled  in  1954,  when  the  Soviet 
Union  signed  the  Hague  Convention  for 
the  Protection  of  Cultural  Property,  call- 
ing for  restitution  of  captured  artworks. 
In  1990,  Moscow  signed  an  agreement 
with  Germany  binding  both  countries  to 


return  the  art  uprooted  by  each  side. 

A joint  commission  was  supposed  to 
catalogue  missing  works,  ranging  from  the 
celebrated  Amber  Room,  stripped  from  a 
czarist  palace  by  German  troops,  to 
Schliemann's  Trojan  treasure,  seized  in 
Berlin  by  the  Red  Army.  But  the  accord 
has  yet  to  be  executed  as  President  Boris 
Yeltsin  defers  to  nationalists  who  view 
loot  as  reparations.  New  skeletons  keep 
tumbling  from  museum  storerooms,  sug- 
gesting Russia  may  also  be  hiding  the 
Buddhist  paintings  from  the  SQk  Road, 
once  amoug  the  great  prizes  of  Berlin. 

Granted,  it  was  long  common  practice 
for  conquerors  to  plunder  art,  and  light- 
fingered  UJS.  soldiers  have  grabbed  their 
share.  But  rules  have  changed;  the  Yeltsin 
government  seeks  the  restitution  of  czarist 
properties  elsewhere.  It  is  hard  to  reconcile 
this  with  Russia’s  dreadful  example  of 
looting  masses  of  art,  hiding  it  and  then 
claiming  that  possession  is  90  percent  of 
the  law.  Why  not  instead  a festival  of 
exhibitions,  as  a prelude  to  restitution? 

— THE  NEW  YORK  TIMES. 


Truth  and  the  Trade  Bill 


The  trade  bill  being  weighed  by  the  U.S. 
Congress  would  incorporate  into  law  the 
terms  of  the  new  world  trade  agreement 
Through  tariff  cuts  and  other  means,  it  is 
expected  to  generate  a strong  expansion  of 
the  American  and  world  economies.  The 
fear  among  some  is  that  it  will  cost  the 
United  States  jobs;  in  fact  it  will  have  Lhe 
opposite  effect.  Nor  will  it  lead  to  the 
erosion  of  U.S.  sovereignty,  a weakening 
of  health  and  safety,  labor  or  environmen- 
tal standards  or  a higher  deficit. 

The  Washington  Post  has  been  at- 
tacked in  recent  days  on  grounds  that  its 
editorial  support  for  the  trade  bill  masks 
and  is  the  result  of  a provision  that  would 
benefit  The  Washington  Post  Co.  That  is 
plain  false.  The  newspaper  has  been  a 
strong  and  tireless  supporter  through 
three  administrations  of  the  international 
negotiations  that  have  now  given  rise  to 
this  bill.  More  than  400  editorials  have 
been  published  in  that  period  on  the 
subject  of  trade.  Virtually  every  one  has 
been  tilted  in  the  direction  of  freer  trade: 
many  have  endorsed  provisions  now  part 
of  the  trade  agreement:  all  but  a few 
appeared  before  the  bill  and  the  revenue 
provision  in  question  were  even  drafted. 

We  of  The  Post  editorial  page  try  to 
keep  abreast  of  provisions  in  which  The 
Post  Co.  has  a commercial  interest  so  that 
we  can  acknowledge  them  when  they 
arise."  Usually  we  do  so.  We  failed  to  do 
so  here:  it  was  a mistake.  What  we  should 


have  known  and  said  about  the  trade  bill 
provision  is  as  follows;  It  involves  the 
price  that  will  have  to  be  paid  for  a 
license  to  provide  advanced  cellular  tele- 
phone service  by  a company  in  which  The 
Post  is  a major  investor  and  70  percent 
limited  partner.  The  critics  describe  the 


Erice  as  a deep  discount;  The  Post  Co. 
K)ks  at  it  as  anything  buL  The  license 


looks  at  it  as  anything  but.  Hie  license 
was  originally  supposed  to  be  free.  It  was 
one  of  three  awarded  by  (he  Federal 
Communications  Commission  in  a na- 


tional competition  meant  to  encourage 
companies  to  invest  in  new  wireless  tech- 


companies  to  invest  in  new  wireless  tech- 
nology. After  the  company  in  which  The 
Post  has  its  interest  won  the  competition, 
the  FCC  changed  its  mind  and  said  it 
would  charge  for  the  license.  The  possible 
proceeds  were  then  seized  upon  by  the 
administration  and  others  looking  for  fu- 
ture revenues  to  offset  the  tariff  losses 
under  the  trade  bill.  The  license  fee  in  the 
bill  will  be  less  than  the  fee  would  have 
been  as  proposed  by  the  FCC.  But  the 
provision  that  officials  of  rival  companies 
are  calling  a gift.  Post  company  officials 
regard  instead  as  a breaking  of  the  gov- 
ernment's word  and  a dunning. 


Either  way,  the  revenue  provision  was 
at  a basis  for  the  editorial.  Nor  does  it 


not  a basis  for  the  editorial.  Nor  does  it 
seem  to  us  to  be  a basis  for  voting  either 
way  on  the  bill.  We  continue  to  think,  as 
we  have  all  along  and  for  the  same  rea- 
sons, that  the  trade  bill  ought  to  pass. 

— THE  WASHINGTON  POST. 


International  Herald  Tribune 
ESTABLISHED  I8K7 

KATHARINE  GRAHAM.  ARTHUR  OCHS  SULZBERGER 
CtfChuirmtn 

RICHARD  McCLEAN,  Publisher  &-  Chief  Executive 
JOHN  V1NOCUR.  Executive  Edhor  4 Vkr  Prados 

• Walter  wells.  .vm  Edaer  • Samuel  abt.  Katherine  knorr  and 

CHARLES  MTIXjHELMORE,  Deputy  Edison  • CARL  GEWKIZ,  AstonateEdJar 

* ROBERT  J-  DONAHUE  Edaienj'the  EJhurinJ  Alps  • JONATHAN  GAGE,  Business  and  Finance  Editor 

• RENE  BONDY.  Deputy  /’wM.tfcr*  JAMES  MtLBOD.  Advertising  Dveacv 

• JUANTTA  l CASRARL  haenkitiiml  Deidfgmem  Director  • ROBERT  FARRt,  G/ndcnxm  Director.  Europe 

Dincicurde  fa  PuNkatun:  RkhirdD.  Sermons 
Dtneuvr. Adjoint  <k  kt  Pubhaitkirv  Katharine  P.  Damnv 


WASHINGTON  — When  the  Clin- 
ton administration  announced  last 


for  Economic  Cooperation  and  Develop- 
ment reckons;  but  the  Social  Democrats 
would  almost  certainly  want  to  spend 
more  on  welfare.  Abroad,  Germany  has 
to  put  its  soldiers  where  its  mouth  is.  But 
the  Social  Democrats  are  deeply  diffident 
about  letting  the  German  Army  serve 
abroad  and  the  Greats,  given  a chance, 
would  take  an  axe  to  the  military  budget 

Even  so,  Germans  can  make  a case  for 
saying  that  their  country  needs  a change  at 
the  top.  Mr.  Kohl  has  held  power  longer 
than  Margaret  Thatcher  and  almost  as 
long  as  Francois  Mitterrand,  both,  for 
different  reasons,  examples  of  the  danger 
of  bolding  the  top  job  too  long.  He  has 
been  an  excellent  leader  of  a rising  coun- 
try; hard-working,  master  of  his  brief,  a 
skillful  deal-maker,  brutal  when  necessary. 
Many  consider  his  experience  and  Europe- 
an connections  of  invaluable  worth  to  his 
neighbors.  But  is  he  what  this  end-of-the- 
ceatuiy  Germany  needs? 

Mr.  Kohl  does  not  have  Willy  Brandt’s 
(and  Ronald  Reagan’s)  power  to  warm 
the  heart  even  when  the  mind  disagrees 
with  him.  His  armory  omits  both  Lady 
Thatcher’s  compelling  passion  and  what 
had  been,  until  recently,  the  above-it-ali 
authority  of  Mr.  Mitterrand’s  later  years. 

The  Germans'  chief  task  in  tire  next 
few  years,  even  more  demanding  than 
budget  deficits  or  military  planning,  is 
how  to  reconcile  other  Europeans  to  re- 
united Germany’s  forbidding  strength. 

This  new  strength  confuses  France,  be- 
cause it  challenges  France’s  40-year-old 
belief  that  it  can  base  its  policy  on  an 
assumption  of  equality  with  Germany.  It 
worries  the  new  democracies  of  Central 
Europe,  because  they  do  not  wish  to  be 
swallowed  up  by  German  economic  pow- 
er. It  contributes  to  Britain’s  reluctance 
to  bind  itself  more  tightly  into  Europe.  It 
is  one  reason  why  Russia  wants  to  resume 
the  command  of  its  “near  abroad." 

The  winning  of  acceptance  for  this  new 
Germany  requires  a new  impetus  from 
German  leadership.  Now,  a tiring  Hel- 
mut Kohl  master  of  an  earlier  era,  may 
not  necessarily  be  the  man  charged  to 
provide  it 

INTERNATIONAL  HERALD  TRIBUNE. 


I International  HoaJd Tribune,  IS1  Avemw Qndes-dc-GiUlfe. 92521  NcuiUv-sur-Scmc. Fronx. 

I Td. : 1 1>  46J7.9J.nO.  F.ix : Gic.  46J7.06J1;  A*\.  4637.5113.  Internee  IHT@eun*omje 

I fnr  Asa:  SMuel  Rtchrrdm.  J Coaabunc  fit  (OIL  Td  ICtiJ  172-7768.  Far  ffi5j  274-2334 

\ Mng.  Da.  .Asia.  MfD.  KhrnqvH  50  Glauxaer  RtL  Htng  Kong.  Td  852-9222-1 18S.  Fax:  8524222-1190. 
Col  Mvr.  German-:  T.  Settler.  Fnatridar.  15. 60323  FwnlfcdM.  Td  Wl  726755  Far  (0W 72  73 10 
Pm.U£;  Hkhki  Conroy  850  Thin! Mr.  Sr*  York.  AIK  10021  Td  (212}  752-3890  Fax:  {212}  755-5785 
V.K  Arivrrim«iS  Oifirt'.-  hS  Lrag  Am.  London  WCl  Td.  (07IJ  For.-  ( 07 M 240-2254. 

M-  du  ivpihii  de  I.2M.000  F.  RCS  A lantern  B 732021126.  Commission  Paritaire  No.  61337 
'V « w.  fnturutmai  Hav&tl  Tnbuni.  AS  rights  moved.  ISSN:  029TS051 


YY  ton  administration  announced  last 
week  that  it  would  delay  seeking  an  end 
to  the  United  Nations  arms  embargo 
against  Bosnia  for  six  months,  critics 
immediately  charged  that  this  was  a bra- 
zen, abrupt  sellout  of  the  Muslim-led 
government 

The  critics  are  wrong. 

This  is  a subtle,  slow-motion  sellout 
of  the  Muslims. 

Actually  the  second  view  is  not  right 
either.  The  White  House  is  simply  buying 
time,  to  try  to  change  the  awful  circum- 
stances it  faces  in  Bosnia.  But  the  result 
could  wind  up  bong  close  to  a sellout  if 
the  United  States  is  unable  to  deliver  on 
the  promises  of  increased  aid  and  protec- 
tion it  gave  the  Bosnian  government.  The 
Bosnians  eased  the  political  pressures  on 
Mr.  Clinton  by  endorsing  tire  six-month 
delay  in  the  American  effort  to  get  the 
Security  Council  to  lift  the  arms  embargo 
against  Bosnia. 

The  most  important  promise  is  to  pro- 
vide stronger  and  wider  NATO  air 
strikes  to  protect  Muslim  dries  from  at- 
tack by  encircling  Bosnian  Serbian  forces 
this  winter.  To  fulfill  that  promise  Wash- 
ington needs  tire  cooperation  of  the  Unit- 
ed Nations  and  of  its  key  allies  in  NATO. 


By  Jim  Hoagland 


But  the  United  Slates  is  encountering 
strong  opposition  from  both  the  United 
Nations  and  NATO,  spearheaded  by  the 
British  commander  working  for  the  Unit- 
ed Nations  in  Sarajevo,  Lieutenant  Gen- 
eral Michael  Rose. 

In  Bosnia,  the  UN  is  committed  to  a 
traditional  peacekeeping  rote,  which 
means  not  taking  sides  — especially  not 
against  the  Serbs,  the  stronger  military 
force  that  has  tire  capability  of  over- 
whelming UN  forces  and  cutting  off  all 
supplies.  Sir  Michael  insists  that  his  forces 
will  not  cross  what  he  calls  “the  Mogadi- 
shu line"  of  getting  involved  on  one  side  in 
a civil  war,  as  U.S.  troops  did  in  Somalia. 

“General  Rose  is  waging  a diplomatic 
war  with  the  United  States,  not  with  lhe 
Serbs,"  one  angry  U-S.  official  said  this 
week.  The  statement,  full  of  understand- 
able hyperbole  and  frustration,  reflects 
how  scratchy  relations  between  Wash- 
ington and  London  have  become  on  Bos- 
nia. That  in  tern  shows  that  American 
efforts  to  use  the  Bosnian  conflict  to 
main  tain  NATO  as  the  chief  instrument 
of  American  military  presence  and  power 
abroad  are  also  in  deep  trouble. 

The  retreat  on  lifting  the  embargo  spot- 


lights how  far  Mr.  Clinton,  who  came  to 
office  determined  to  prevent  the  legitimiz- 
ing of  “ethnic  cleansing”  and  aggression  in 
Bosnia,  has  moved.  Washington  is  willing 
to  settle  for  far  less  today. 

The  immediate  UJS.  goal  is  to  help 
Bosnia's  embattled  Muslim  government 
survive  the  bitter  winter  of  no  war,  no 
peace.  The  Bosnian  Serbs  encircle  and 
squeeze  Muslim  cities  but  do  not  overrun 
them  and  the  British,  French,  Dutch 
- and  other  peacekeepers  stationed  there 
under  UN  mandate. 

President  Alija  Izetbegovich’s  govern- 
ment in  Sarajevo  also  seems  to  have  come 
to  the  conclusion  that  a continuation  of 
the  existing  stalemate  is  its  best  available 
option.  The  Muslims,  despite  increased 
clandestine  arms  supplies  and  better  or- 
ganization. are  not  ready  to  take  on  the 
Serbian  forces  in  decisive  battles. 

But  there  is  a joker  in  the  deck:  If  the 
Muslims  are  buying  tune,  is  it  in  the  Serbs' 
interest  to  sell?  Or  might  they  decide  they 
now  have  to  finish  the  job  in  the  next  six 
months,  before  the  embargo  comes  off? 

Defense  Secretary  William  Perry 
sought  on  Monday  to  get  a commitment 
from  Lieutenant  General  Rose's  civilian 


boss,  the  UN  special  representative  Ya- 
sushi  Akashl  for  stronger  air  strikes  if 
the  Serbs  step  up  their  attacks.  But  news 
agencies  reported  that  Mr.  Akasbi  de- 
clined to  give  Mr.  Perry  a blanket  ap- 
proval for  NATO  strikes  to  back  up  UJS. 
promises  to  the  Bosnian  Muslims  of 
greater  protection  in  place  of  a lifting 
of  the  embargo. 

Politically,  the  United  States  has  cho- . 
sen  sides  in  Bosnia.  But  militarily,  it  is 
the  captive  of  a UN  bureaucracy  that 
does  not  believe  in  choosing  sides.  This  is 
a road  map  to  a dead  end. 

In  Haiti,  the  United  States  is  not  con- : 
ducting  peacekeeping,  despite  the  fig  leaf 
of  a UN  peacekeeping  mandate.  Haiti  is 
a U.S.  intervention  with  the  dear  pur- 
pose of  kicking  one  political  group,  out 
and  installing  another. 

There  is  no  such  clarity  of  goals  or  of 
Hiwwn  in  Bosnia.  The  Clinton  administra- 
tion has  taken  the  risky  step  there  of 
promising  a degree  of  protection  that  it  is. 
unlikely  to  be  able  to  provide.  That  is  not 
quite  the  same  thing  as  a sellout.  But 
unless  the  United  States  is  ready  to 
change,  or  ignore,  the  UN’s  accommoda- 
tionist  stance  toward  the  Serbs,  it  could  be 
just  as  disastrous  forthe  Mustims. 

The  Washington  Post 


Don’t  Reward  Milosevic’s  Maneuver 


Washington  — Before 
the  West  starts  congratulat- 


YY  the  West  starts  congratulat- 
ing itself  for  driving  wedges  be- 
tween President  Slobodan  Milo- 
sevic and  his  Bosnian  Serbian 
clients,  consider  who  gains  the 
most  from  Mr.  Milosevic's  latest 
maneuver  to  “close”  the  border 
across  the  Drina. 

It  was  a foregone  conclusion 
that  the  Bosnian  Serbs  would 
reject  the  peace  plan  advanced 
by  the  five-nation  Contact 
Group  .The  problem  for  Mr.  Mi- 
losevic was  how  to  deflect  the 
West's  anger  and  distance  him- 
self from  his  obdurate  Bosnian 
cousins.  He  feared  that  if  they 
didn’t  sign,  the  West  would 
tighten  the  UN  economic  sanc- 
tions on  strapped  Serbia.  The 


By  Frederick  Cuny 


best  way  to  slip  a tightened 
noose,  he  concluded,  was  to  an- 


noose,  he  concluded,  was  to  an- 
nounce that  he,  too,  would  put 
sanctions  on  the  Bosnian  Serbs. 

Mr.  Milosevic  knew  he  would 
face  skepticism.  In  fact,  the 
United  Nations  demanded  that 
he  allow  the  stationing  of  inter- 
national monitors  on  the  border 
to  prove  his  seriousness. 

So  Mr.  Milosevic  did  a deft 
about-face.  At  first,  he  promised 
his  people  he  would  not  allow 
foreign  monitors  on  Serbian  sofl. 


Then,  in  August,  he  agreed  after 
all  to  permit  the  European  Union 
to  station  observers  to  verify  that 
Yugoslav  customs  officials  were 
halting  all  but  humanitarian  aid. 
But  there  could  be  only  135  of 
them,  when  an  estimated  500  to 
800  would  be  needed.  Nonethe- 
less, UN,  Western  and  Russian 
officials  began  to  lobby  for  a re- 
laxation of  the  sanctions  against 
newly  “reasonable”  Serbia. 

By  making  this  minor  conces- 
sion, and  dumping  the  Bosnian 
Serbian  leader  Radovan  Karad- 
zic, his  political  rival  Mr.  Milose- 
vic not  only  avoided  strengthened 
sanctions  but  opened  prospects 
for  easing  them.  He  is  not,  how- 
ever, giving  up  on  the  idea  of 
grabbing  more  of  Bosnia. 

To  Mr.  Milosevic,  the  plan 
awards  enough  of  Bosnia  to  the 
Serbs  to  make  it  acceptable  for 
now,  and  it  buys  him  time  to  take 
more  later.  The  West  is  gambling 
that  be  will  put  sufficient  pres- 
sure on  his  Bosnian  clients  to  sign 
the  plan  and  end  the  war.  But  is 
Mr.  Milosevic  really  ready  to  give 
up  Serbian  gams  in  Bosnia?  Or  in 
the  Kxajina?  Giving  up  Greater 


Serbia  and  losing  Yugoslavia 
would  be  the  end  of  his  career. 

What  is  happening?  Mr.  Milo- 
sevic has  again  outwitted  the 
West.  For  now,  he  has  little  need 
to  send  supplies  across  the  bor- 
der. The  Bosnian  Serbian  Army  is 
known  to  have  large  stockpiles  of 
ammunition  and  fuel 

In  any  case,  the  border-moni- 
toring regime  verges  on  mad- 
ness. The  monitors  arc  to  be  sta- 
tioned only  on  the  Serbian  and 
Montenegrin  borders,  not  in  the 
Serbian-held  Krajina,  where 
arms  have  crossed  for  two  years. 
The  135  monitors  will  be  suffi- 
cient to  watch  only  about  15 
crossing  points.  The  head  of  the 
monitoring  team  has  said  48  lo- 
cations should  be  watched. 

The  frontier  is  long,  527  river 
kilometers  (325  miles),  and 
mountainous.  The  river  banks  are 
heavily  wooded.  At  many  points 
the  water  is  narrow  and  easily 
bridged.  A tougher  monitoring 
system  than  this  hasn’t  enforced 
the  sanctions  on  porous  Serbia. 

Helicopters  are  another  way 
the  Serbs  could  ferry  supplies 
into  Bosnia.  Long  ago,  com- 
manders of  the  flight-exclusion 
zone  apparently  decided  not  to 
shoot  down  the  helicopters  that 


SERBIAN 

POKER 


'Bp  JEAN  Is  Der  Sudani (Vkmt  C*W  9p&BK. 


violate  the  zone  daily  — thou- 
sands of  illegal  flights  to  date. 

The  American  administra- 
tion should  be  waxy  of  being 
sucker ed  again  by  the  Europe- 
ans, who  are  anxious  to  ease  the 
economic  sanctions  against  Ser- 
bia. Relaxing  sanctions  now 
would  be  a major  mistake.  Once 
they  are  loosened,  it  will  be  im- 
possible to  tighten  them  again. 
Ideally,  the  West  should  ratchet 
the  sanctions  mi  Serbia  even 
tighter  to  ensure  that  Mr.  Milo- 
sevic's break  with  Radovan  Kar- 
adzic is  strategic  and  not  just 
personal  and  tactical.  That,  how- 


ever, does  not  appear  posable. 

At  a minimum-,  the  United 
States  should  make  it  dear  that 
the  “reward1*  for  Mr.  Milosevic's 
recent  maneuvers  to  avoid  tough- 
er sanctions  will  be  limited  to  not 
tightening  them,  at  least  for  now. 
Instead,  the  talk  is  of  easing  sanc- 
tions. Who  is  snookering  whom? 


The  writer  is  president  of  Inter- 
tect,  a professional  consulting 
firm  in  the  field  of  disaster  relief; 
he  has  been  working  in  Sarajevo 


he  has  been  working  in  Sarajevo 
for  two  years  for  the  Soros  Foun- 
dation. He  contributed  this  com- 
ment to  The  Washington  Post- 


A Leader  Unwilling  to  Govern  Leads  a Near-Ungovernable  Nation 


WASHINGTON  — An  argu- 
ment can  be  made  that  the 


Vy  meat  can  be  made  that  the 
United  States  has  become  ungov- 
ernable. Certainly  it  is  not  being 
governed  by  its  president  Real 
power  has  leaked  out  of  the  Clin- 
ton administration-  Is  this  Mr. 
Clinton's  fault,  or  is  he  the  victim 
of  impersonal  forces? 

His  efforts  to  get  his  domestic 
agenda  enacted  have  systemati- 
cally been  blocked  by  the  Repub- 
lican minority,  in  provisional  alli- 
ances with  Clinton  opponents 
within  the  Democratic  Party. 


By  William  Plait 


Foreign  policy  has  slipped  out 
: his  control  U.S.  policy  toward 


of  his  control.  U.S.  policy  toward 
Haiti  and  North  Korea  was  taken 
out  of  bis  hands  by  former  Presi- 
dent Timmy  Carter,  who  repudiat- 
ed Mr.  Clinton's  Haiti  policy  as 
something  of  which  he  was 
“ashamed.”  Mr.  Clinton  accepted 
that  without  a visible  flinch. 

Haiti  policy  now  seems  a daily 
improvisation.  The  secretary  of 


state  and  the  national  security  ad- 
viser, meanwhile,  are  at  odds;  the 
former  is  on  his  way  out. 

Blame  for  Mr.  Clinton’s  frustra- 
tion ordinarily  is  assigned,  by  his 
friends,  to  a partisan  and  bloody- 
minded  Congress,  and  an  irre- 
sponsible press.  This  is  true,  up  to 
a point.  Congress  certainly  is  ob- 
structive and  short-sightedly  parti- 
san to  an  extent  not  seen  since 
World  War  II.  Mainstream  press 
and  broadcasting  also  have  been 
cruder  to  Mr.  Clinton,  for  more 
frivolous  reasons,  than  to  any  of 
his  postwar  predecessors. 

The  feeling  is  common  in  Con- 
gress and  among  the  Washington 
press  that  the  Clintons  and  their 
friends  from  Little  Rock  are  wet- 
ting what  they  deserve  for  having 
assumed  (as  one  experienced  sen- 
atorial campaign  manager  said  to 
me  last  week)  that  because  they 


were  “the  smartest  people  in  Lit- 
tle Rock,”  they  could  ignore  the 
advice  of  the  smartest  people  in 
Washington.  The  smartest  people 
in  Washington  didn’t  like  that 
and  have  taken  their  revenge. 

Mr.  Clinton  also  has  created 
his  own  difficulties  by  an  unwill- 
ingness to  govern.  He  talks  too 
much,  constantly  consulting 
press  and  polls  on  what  he  might 
or  might  not  do,  in  whav  Stanley 
Hoffmann  of  Harvard  two  years 
ago  described  as  “an  endless  aca- 
demic seminar  which  never  comes 
to  a conclusion."  This  has  robbed 
Mr.  Clinton  of  the  authority  of 
his  office.  A president  is  sup- 
posed to  announce  policy,  not 
talk  it  over  with  reporters. 

This  trifling  with  decisions  also 
contributes  to  his  loss  of  priori- 
ties. The  president  could  proba- 
bly have  had  GATT  ratification 


earlier  this  year  had  he  put  his 
mind  to  il  His  Senate  friends 
warned  him  of  mounting  danger, 
but  he  did  not  act  on  the  GATT 
problem  until  the  summer  had 
ended,  which  allowed  the  enemies 
of  reform  to  counterattack. 

Now  there  has  to  be  a special 
Senate  session  to  deal  with  the 
bill  and  GATT  might  not  pass. 

Mr.  Clinton  is  ahx>  the  victim 
of  two  characteristics  erf  Ameri- 
can society  that  have  weakened 
its  capacity  to  deal  with  its  prob- 
lems. The  constitutionally  in- 
stalled division  of  government 
powers,  together  with  the  coun- 
try’s adversarial  legal  system, 
have  made  it  extremely  difficult 
for  the  executive  branch  at  any 
level  of  government  to  get  a deci- 
sion made  and  installed. 

Not  only  must  legislative  oppo- 
sition be  overcome,  at  a time  when 
there  is  virtually  no  parry  disci- 
pline, but  a variety  of  interest- 


Republican  Landslide?  Democrats  Must  Not  Blink 


WASHINGTON  — It’s  obvi- 
ous that  1994  wQl  be  a fine 


YY  ous  that  1994  will  be  a fine 
year  for  Republicans.  What  is  not 
obvious,  yet,  is  that  the  elections 
are  destined  to  be  the  catastrophe 
for  Democrats  that  so  many  in 
Washington  are  predicting.  The 
line  between  Republican  gains  and 
a Republican  landslide  is  actually 
quite  thin  because  so  many  con- 
tests are  dose.  What  happens  in 
the  next  month  will  matter  a lot. 

Republicans  enter  this  election 
with  three  big  advantages.  First, 
they  are  bound  to  gain  seats  in  the 
House  because  many  conserva- 
tive Democratic  incumbents  are 
retiring  from  districts  that  have 
been  strongly  Republican  in  pres- 
idential elections.  It  was  only  a 
matter  of  time  before  Republican 
voting  habits  seeped  down  to  the 
congressional  level  Second,  rank- 
and-file  Democrats  are  demoral- 
ized and  disappointed  with  Presi- 
dent Bill  Clinton;  many  of  them 
may  just  sit  out  this  year.  Third, 
the  Democrats  have  so  far  run  a 
largely  defensive  campaign,  try- 
ing to  prove  that  they  are  as  fierce 
about  crime  and  as  reverent  to- 
ward the  family  as  any  Republi- 
can on  the  ballot.  Such  cam- 
paigns do  not  convince  anyone 
that  Democrats  have  accom- 
plished things  in  the  past  two 
years  or  have  ideas  about  what  to 
do  with  the  next  two. 

Democrats  cannot  do  anything 
about  who  is  retiring,  but  they 
can  alter  the  other  factors.  The 
first  thing  they  want  to  do  is  get 
Congress  out  of  town.  Almost 
anything  that  gets  the  public’s  at- 
tention off  Congress  as  a whole  is 
seen  as  helping  the  Democrats 
who  run  the  institution. 

Democrats  are  also  trying  to 
discredit  individual  Republican 


By  £.  J.  Dionne  Jr. 


opponents.  It  is  a sign  of  the  times 
that  Edward  Kennedy  has  run  his 
first  negative  campaign  commer- 
cial since  Massachusetts  sent  him 
to  the  Senate  in  1962.  Democrats 
are  “going  negative”  early  to  pre- 
vent their  foes  from  riding  the 
current  anti-Washington  mood  to 
prohibitive  leads.  The  unspoken 
slogan  is:  We're  no  great  shakes, 
but  they  are  a lot  worse. 

These  campaigns  are  having 
some  effect  — Mr.  Kennedy,  for 
example,  seems  to  have  restored 
his  lead  over  the  Republican  Mitt 
Romney — but  a move  toward  the 
negative  may  not  save  other  en- 
dangered Democrats,  such  as 
House  Speaker  Tom  Foley. 

More  promising  is  an  assault 
on  the  “Contract  with  America” 
that  most  Republican  House  can- 
didates have  signed  Many  Dem- 
ocratic strategists  are  gleeful  be- 
cause this  document  ties 
“outsider”  Republican  candi- 
dates back  to  their  congressional 
leadership  and  defines  the  Re- 
publicans as  advocates  of  tattered 
Reagan-style  tax  cuts.  By  promis- 
ing to  balance  the  budget  without 
offering  specifics.  Republican 
leaders  have  invited  questions 
about  unpleasant  details.  A 
month  before  Election  Day,  the 
Republicans  are  on  the  defensive. 

Forward  into  the  Past  is  not  an 
appealing  slogan.  And  by  reopen- 
ing the  deficit  debate,  the  Repub- 
licans* plan  helps  the  Democrats 
clarm  the  mantle  of  fiscal  respon- 
sibility. This,  at  least,  contains  the 
seeds  of  a partly  positive  message, 
last  year’s  deficit  reduction 
package  being  the  Democrats’ 
mgin  achievement  and  the  eco- 
nomic recovery  being  the  main 


thing  they  would  like  credit  for. 

But  the  Democrats  faces  much 
deeper  difficulties.  These  are 
summarized  by  two  lines  of  at- 
tack against  Mr.  Clinton  from 
■within  his  party.  On  the  one  side, 
centrist  “New  Democrats"  argue 
that  Mr.  Clinton  reversed  his  pri- 
orities in  proposing  a huge  gov- 
erament-led  reform  of  the  health 
care  system  before  convincing 
voters  that  he  had  reformed  the 
way  government  does  business. 
In  this  view,  Mr.  Clinton  would 
have  done  better  by  starting  with 
the  reform  of  smaller  programs 
and  putting  more  emphasis  on  his 
and  Vice  President  Al  Gore's 
plans  to  reshape  government. 

Some  in  the  party’s  liberal  wing, 
on  the  other  hand,  argue  that  with 
the  failure  of  health  care,  Mr.  Clin- 
ton has  nothing  much  to  offer  oth- 
er than  deficit  reduction.  His  liber- 
al critics  note  that  the 
economically  insecure  — the  ‘^for- 
gotten middle  class”  erf  the  1992 
campaign  — fed  tittle  better  now 
than  they  did  two  years  ago  and 
thus  still  mistrust  government 

These  critiques  have  more  in 
common  than  those  who  make 
them  might  realize,  (hi  the  one 
hand,  neither  fully  takes  into  ac- 
count how  difficult  the  deficit 
problem  has  made  everything  else. 
Mr.  Clinton  would  have  a much 
more  visible  program  in  areas  pop- 
ular with  new  and  old  Democrats 
alike  if  the  defidt  plan  had  not  so 
restricted  his  ability  to  spend.  On 
the  other  hand,  both  sides  in  the 
Democrats'  intramural  debate  are 
expressing  a common  frustration 
at  Mr.  Clinton's  failure  to  con- 
vince Americans  that  government 
can  actually  work. 


Mr.  Clinton  cannot  change  all 
that  in  the  month  left  to  Election 
Day.  But  he  can  argue  that,  tike  it 
or  not,  his  deficit  program  was 
the  first  step  toward  restoring 
government’s  ability  to  get  any- 
thing else  done. 

A lot  of  the  voters  who  have 
turned  on  Mr.  Clinton  still  tell  the 
pollsters  that  they  admire  him  for 
taking  on  tough  problems  and 
want  him  to  succeed.  Mr.  Clin- 
ton’s assignment  this  fall  is  to 
persuade  them  that  is  still  possi- 


ble. Otherwise,  the  Republicans 
may  well  win  their  landslide. 


may  well  win  their  landslide. 
The  Washington  Post 


group  challenges  have  to  be  over- 
come, and  these  today  come  in 
unprecedented  numbers  and  viru- 
lence. One  reason  the  Ctintonpro- 
posal  for  health  insurance  reform 
failed  this  year  is  that  it  was  too 
complicated.  The  reason  it  was  so 
complicated  was  that  its  drafters 
had  attempted  to  appease  the  in- 
terest groups  in  advance. 

The  pain  and  costs  of  getting 
anything  done  in  American  gov- 
ernment now  are  very  high  — 
much  higher  than  in  cabinet-style 
governments  abroad,  or  in  societ- 
ies with  nonadvecsaiial  legal  sys- 
tems. These  costs  were  not  so  high 
in  the  past  because  a large  national 
consensus  existed  on  national  pri- 
orities, above  aH  during  the  world 
wars  mid  early  Cold  War  years. 

That  consensus  has  been  ab- 
sent for  most  of  the  period  since#  , 
the  1960s.  Democracy  no  doubt  is^; 
all  about  disagreement  and  the 
assertion  of  individual  or  group 
rights  (or  what  are  claimed  as 
rights  but  are  often  dainty  to  priv- 
ilege; a right  is  a “moral  proper- 
ty to  which  one  has  a just  damty. 
The  price  that  must  be  paid  is 
todays  veiy  high  coefficient  , of 
“friction”  in  American  public  life 
(and  the  economy),  culminating 
in  ungovernability.  • 

This  contributes  to  public  alien- 
ation from  the  political  process, 
higher  today  than  ever.  Demon- 
stration of  that  is  the  fact  that 
congressional  candidates  now  all 
present  themselves  as  enemies  of 
“Washington."  American  rates  of 
political  participation  and  voting 
are  very  low  and  going  down.  They 
are  lower  than  in  any  other  mod- 
em democracy.  This  certainly  is 
not  what  democracy  is  all  about. 

International  Herald  Tribune. 

® Las  Angeles  Tones  Syndicate. 


IN  OUR  PAGES:  100, 75  AND  50  YEARS  AGO 


1894:  Eyes  on  Formosa 

LONDON  — It  is  stated  that  the 
Japanese  Government  has  been 
in  communications  with  the  Brit- 
ish Foreign  Office  and  also  with 
the  Russian  Government  with  a 
view  to  ascertaining  if,  in  the 
event  of  a treaty  of  peace  being 
concluded.  Great  Britain  or  Ru$- 


more  than  fifty  intermediaries  are 
to  be  charged  with  profiteering, 
among  these  “butter  dealers”  be- 
ing a midwife  and  a foreman 
printer!  They  had  been  cornering 
butter  and  eggs  at  prices  even 
higher  than  the  “normal  prices,” 


1944:  Relief  for  Greece 


sia  would  make  any  opposition  to 
Japan’s  annexing  Formosa  or 
some  other  part  of  China,  it  being 
undo-stood  that  the  independence 
of  Corea  must  be  left  intact 


1919:  Dairy  Profiteers 


ROME  — [From  our  New  York 
edition;]  The  long-promised  Brit- 
ish  relief  expedition  into  Greece  ft  ■ 
has  begun  in  the  wake  of  with- 
drawing Germans,  it  was  revealed 
in  an  official  announcement  here 


PARIS  ■ — At  last!  The  judicial 
authorities  are  tracing  the  profi- 
teer to  his  lair.  Because  of  the 
shortage  of  butter  and  eggs  on  the 
Paris  market  the  police  authori- 
ties have  considered  it  advisable 
to  investigate  in  Normandy,  the 
great  dairy  centre  of  France.  The 
inquiry  has  been  fruitful,  for 


today  [Oct  5J.  The  Balkan  Air 
Force  headquarters  announced 

that  the  first  arrival  erf  British  land 
and  air  forces  on  the  Greek  main- 

laid  “met  with  a widely  enthusias- 
tic welcome  from  the  inhabitants.” 
The  announcement  stated  that 
land  forces  erf  the  Adriatic  have 
entered  Patras,  which  is  “believed 
to  be  one  of  the  enemy’s  last 
strongholds  in  the  Peloponnesus.” 


• * 


r ,,  - 


IkZUXa 


• I * 


* •: 


P-1 


y-.-  . 3--.. 


t? ■ 


P 


* V- 


^ \ Sea  That  Blew  Away: 

A Central  Asian  Tragedy 


By  Jessica  Mathews 


W 


tls 

M'"5 

!wv'-+- 
* i>- 

iv* 

HU'** 

« 

?■  »•* 

WT. 

iU- 

!■-»*.- 


ASHINGTON  — In  a sad 
first,  environmentalists  re- 
"'•<  cently  notarized  a death  certificate 
• * for  a sea,  suspending  further  efforts 
to  save  the  Aral  Sea.  Recognized  as 
' a crisis  only  in  the  nrid-'80s,  the  sea 
. ..  has  shrunk  by  two- thirds  in  just  20 
;V ! years  and  has  already  split  in  two. 

'• y A large  fishing  industry  has  been 
destroyed  and  once-thriving  ports 
now  lie  50  kilometers  (30  miles) 
V.  from  the  shore. 

' ■”  The  fate  of  what  was  the  planet's 
' fourth-1  argest  inland  body  of  water, 

..  . Man  has  acquired  the 
power  to  swiftly  alter  the 
;y  system  that  govern  the 
' planet 9s  basic  health. 

. ‘ and  the  environmental  and  human 
. catastrophe  unfolding  in  the  five 
Central  Asian  Soviet  successor 
.grates,  would  make  a 20th  century 
'morality  play. 

The  immediate  culprit  was  cot- 
ton. which  Moscow  used  to  call 
“white  gold"  for  its  ability  to  earn 
hard  currency.  The  real  villains  wore 
greed,  stupidity  and  unchecked,  tun- 
nel-visioned  apparatchiks  on  the 
one  band,  and  on  the  other  a lethal 
combination  — by  no  means  unique 
to  the  region  — of  mankind's  tech- 
nological power  and  still  largely  un- 
recognized ecological  ignorance. 

In  one  sense,  the  result  was  not 
unintended.  As  the  rivers  that  feel 
the  landlocked  sea  were  tapped  to 
& " . ..  irrigate  vast  new  cotton  fields,  the 

sea  would  have  to  shrink.  Experts 
■" ' even  argued  that  the  disappearance 
of  the  sea  would  be  a good  thing. 
The  land  where  it  had  been  could  be 
used  to  grow  more  cotton,  watered 
by  canals  from  Siberia's  rivers,  or  by 

* using  nuclear  explosions  to  make 

those  rivers  flow  southward  instead 

■ " - of  — in  this  view  — wastefully  into 
- • the  Arctic  Ocean.  What  no  one  rec- 
' ognized  was  that  the  Aral  Sea  was 
'-'i  the  region’s  ecological  linchpin, 

: whose  role  even  the  most  gargan- 
tuan  technology  could  not  replace. 

Normally,  a huge  mass  of  water 
vapor  evaporating  from  the  sea  in- 
tercepted  the  fierce,  dry  winds  that 
blow  out  of  the  norths  As  the  sea 
■.  shrank,  summers  became  hotter  and 
. %rier  and  winters  grew  longer,  eold- 
: er  and  snowless.  The  local  climate 
• became  less  and  less  suited  to  cot- 
. ton. 

Wind  erosion  and  salt  storms 

■ • ■ blown  from  the  receding  seabed 
make  what  was  once  a fertile  land 


resemble  the  site  of  a biblical 
plague.  Salt  fog,  salt  rain  and  dry 
salt  crystals  coat  fields  and  poison 
people.  Thousands  of  square  kilo- 
meters of  farmland  cannot  now 
grow  anything,  and  on  thousands 
more  productivity  is  dropping, 
propped  up  only  by  heavier  and 
heavier  use  of  fertilizer  and  pesti- 
cides and  more  and  more  water  to 
rinse  the  fields  of  salts  after  each 
harvest.  The  added  chemicals  poi- 
son the  water  supply.  The  rinsing 
flushes  away  salts  that  the  soils 
need,  requiring  yet  more  fertilizer, 
and  so  on  in  a rapidly  descending 
spiral. 

As  always  when  the  natural  water 
balance  is  disrupted,  where  there 
isn’t  too  little  water,  there  is  too 
much.  In  the  frenzy  to  fulfill  Mos- 
cow's plan,  irrigation  canals  were 
built  without  liners  in  sandy  soils  so 
that  as  little  as  20  percent  of  the 
water  reaches  the  fields.  The  rest 
seeps  into  the  ground,  turning  pro- 
ductive farmland  into  useless,  sali- 
nized  swamps,  poisoning  fresh 
groundwater,  causing  buildings  and 
power  systems  to  collapse  and 
flooding  towns,  which  then  require 
constant  pumping  at  huge  energy 
cost. 

An  impoverished  diet  (no  fish 
from  the  sea,  no  fruit  and  vegetables 
from  the  ruined  land).  Unde  water 
and  pitifully  inadequate  health  care 
have  created  epidemic  levels  of  once 
unknown  diseases.  Premature  births 
are  the  rule,  and  women  are  warned 
not  to  breast-feed  — their  milk  is  too 
dangerous.  Infant  mortality  is  the 
highest  in  the  former  Soviet  Union 


A Nonstarter  for  Bosnia 

Regarding  “An  Unpleasant  Turn 
to  Milosevic  May  Be  the  Only  Way  in 
Bosnia ” (Opinion,  Sept  29): 

James  Lowenstein  suggests  that 
the  best  way  to  solve  the  “Bosnian 
problem”  may  be  to  allow  Slobo- 
dan Milosevic  to  send  his  army  into 
Serbian  Bosnia  and  incorporate  it 
into  the  “Greater  Serbia  that  has 
always  beat  his  objective.”  It  is 
incomprehensible  that  anyone 
would  think  that  sending  in  the 
Serbian  Army  could  end  the  war 
since  it  was  precisely  the  former 
Yugoslav  Array  that  started  the 
war.  Mr.  Lowenstein’s  suggestion 
has  an  ugly  and  genocidal  echo. 

KSENUA  MARINKOVIC. 

Rennes,  France. 


and  may  be  — the  data  are  not  reli- 
able — among  the  highest  in  the 
world.  In  the  worst-hit  areas  it  is 
difficult  to  find  a healthy  person. 

The  region  is  now  freed  from  Mos- 
cow's colonialist  rape  of  its  resources, 
but  the  collapse  of  the  Soviet  Union 
also  means  that  five  countries  rather 
than  one  must  somehow  find  a way 
to  share  too  little  water.  Supplies 
could  be  doubled  through  easy  steps 
like  fixing  leaky  canals,  but  every- 
thing that  needs  to  be  done  costs 
money  the  governments  don't  have. 

Making  the  water  safe  to  drink  and 
thereby  lowering  the  health  care  bur- 
den and  restoring  people’s  hope  for 
the  future  trill  cost  vastly  more.  Re- 
storing file  ecosystem  — kid  possibly 


the  region’s  future  livability — would 
take  a switch  away  from  cotton  and 
irrigated  agriculture,  and  on  that 
point  countries’  interests  sharply  di- 
verge. Uzbekistan  and  Turkmeni- 
stan, both  dependent  on  cotton  ex- 
ports, would  have  to  turn  their 
economies  upside  down. 

Central  Asia’s  tragedy  is  a cau- 
tionary tale  for  our  time'  a remind- 
er that  this  one  lifespan  — from 
about  1 950  to  2040 — will  probably 
be  the  most  significant  in  human 
history.  In  these  few  years,  world 
population  will  nearly  quadruple 
(from  2.5  billion  to  9.5  billion),  eco- 
nomic output  will  likely  grow  nine- 
fold, and  energy  use  and  wastes  will 
grow  concomitantly.  For  the  first 


time,  man  has  acquired  the  power 
to  swiftly  alter  the  systems  that 
govern  the  planet's  basic  bealtta,  on 
a regional  scale  as  in  Central  Asia, 
and  globally  as  well. 

The  power  to  act  has  come  be- 
fore the  knowledge  to  foresee  the 
consequences.  We  must  either  ac- 
quire that  scientific  understanding 
and  the  wisdom  to  follow  it  very 
quickly — certainly  in  the  next  cou- 
ple of  decades  — or  perhaps  leave 
the  world  permanently  less  hospi- 
table to  future  generations. 


The  writer  is  a senior  fellow  at  the 
Council  on  Foreign  Relations.  She 
contributed  this  comment  to  The 
Washington  Post. 


LETTERS  TO  THE  EDITOR 


Hie  Sociology  of  Abortion 

Regarding  "Q&A:  Two  Cheers  for 
Vatican  From  a Spanish  Theologian  " 
(Sept.  19)  by  Barry  James: 

It  was  unfortunate  that  the  only 
description  given  of  Enrique  Miret 
Magdalena  was  as  a “Spanish  theo- 
logian and  author.”  His  analysis  of 
the  Catholic  Church,  highly  super- 
ficial and  political,  appears  to  be 
much  more  that  of  a sociologist 
than  a theologian. 

Mr.  Miret  Magdalena  concedes 
that  abortion  is  a “negative,  bad 
thing,”  but  claims  that  the  Vatican 
should  not  make  a fuss  about  it  if 
democratic  countries  have  legalized 
the  procedure.  Genocide  was  legal 
in  Hitler’s  Germany,  and  no  coun- 
try, however  democratic,  can  take  a 


crime  and  by  law  make  it  a right 
The  theologian  also  stales  that 
the  democratic  nations  allow  abor- 
tion “in  extreme  cases.”  That  is  not 
the  case  in  Western  Europe.  Many 
of  the  abortions  in  Italy  are  per- 
formed on  women  who  already 
have  two  children  and  do  not  want 
a third.  That's  not  an  extreme  case: 
that’s  abortion  being  used  as  a 
means  of  family  planning. 

ANDREA  BETTETIN1. 

Rome. 

A Great  Political  Leader? 

While  Gerry  Adams  appears  to 
have  mesmerized  the  U.S.  media,  he 
represents  only  the  political  wing  of 
the  Irish  Republican  Army  and  no 
one  else.  He  was  elected  to  Parlia- 


ment in  1987  and  when  he  ran  for  re- 
election  in  1992  he  was  defeated.  Yet 
he  is  feted  and  hailed  as  “a  great 
political  leader.”  Who  is  he  supposed 
to  be  leading?  If  you  want  a visitor  to 
America  to  speak  for  Northern  Ire- 
land Catholics,  there  is  John  Hume. 
At  least  they  voted  for  him. 

NORMAN  MOSS. 

London. 

f She-Wolf  With  Electric 

Regarding  “Debbie  Davies,  ai  the 
Front  of  the  Blues  Revival ” (Sept.  21): 

Mike  Zwerin  says  be  cannot  think 
of  one  black  woman  who  plays  elec- 
tric guitar.  Let  me  give  him  one: 
Jessie  Mae  Hemphill,  a native  of  Mis- 
sissippi, who  has  recorded  several  al- 
bums and  toured  in  Europe.  The  cov- 


The  Tugboat  on  the  Lawn: 
A Tale  of  Man  and  Nature 

By  Hons  Koning 


NEW  HAVEN,  Connecticut  — I 
was  on  my  way  to  Montreal 
from  New  Haven,  where  I live.  It 
was  dusk  on  a clear,  early  fall  eve- 
ning as  1 drove  through  Granby,  a 
Quebec  town  an  hour  or  so  from 
Montreal.  I decided  to  stay  over  and 
arrive  fresh  and  shaven  in  Montreal 
the  next  morning.  Granby  has  a 
nice-looking,  recently  built  hotel. 

I asked  for  a room  on  the  top 
floor.  It  had  a balcony  and  I stepped 
out  and  looked  at  the' last  rays  of  the 

MEANWHILE 

sun  setting  behind  the  hill  of  the  La 
Yamaska  nature  park.  Below  me  lay 
a lawn  with  white  garden  tables  and 
chairs  and  the  hotel  swimming  pool. 

Suddenly,  joltingly,  a machine 
started  up.  I discovered  that  the  three 
vast,  cement-encased  cylinders 
against  the  hold  wall  and  facing  the 
lawn  were  not  abstract  sculptures  but 
funnels  for  the  hotel  air-conditioning 
system,  now  roaring  like  the  engine  of 
a tugboat  pulling  an  ocean  liner.  I 
beat  a hasty  retreat  and  dosed  my 
balcony  door  and  the  curtains,  which 
didn't  much  lessen  the  roar.  It 
stopped  and  started  again  all  night. 

This  is  not  an  ami-noise  com- 
plaint. But  spending  the  night  in 
that  room,  I thought  of  the  many 
small  pleasures  we  are  losing,  how  a 
new  generation  might  never  know  of 
them  or  miss  them.  How  many 
nights  a year  would  a sleeper  in 
Granby  need  air-conditioning? 

And  what  had  happened  to  people, 
to  the  guests  on  that  lawn,  that  they 
didn’t  mind  swimming  and  sunning 


er  of  her  album,  “She-Wolf”  shows 
her  holding  a National  Electric. 

FABRICE  ZIOLKOWSKJ. 

Nice. 

Red,  'White  and  Efficacious 

Both  the  recent  article  about 
Egypt’s  Cru  des  Ptoiemees  (Sept. 
26)  and  the  indignant  letter  to  the 
editor  it  occasioned  (Sept.  29)  miss 
the  point  by  focusing 'on  its  taste. 
Far  more  important  are  the  wine’s 
detergent  properties.  During  a re- 
cent stay  in  Cairo,  I found  the 
white  excellent  for  cleaning  brass. 
As  for  the  red,  it  was  most  effica- 
cious in  flushing  out  unwanted  visi- 
tors — in  every  sense  of  the  word. 
LESLIE  CROXFORD. 

Madrid. 


themselves  or  having  a drink  in  the 
ambiance  of  a tugboat’s  engine 
room?  Didn’t  (hey  realize  that  they 
were  losing  out  cm  the  sound  of  bird 
song,  the  smells  of  nature,  the  caress 
of  the  breezes  of  the  night? 

I know  these  questions  are  largely 
rhetorical.  No,  these  people  don’t 
mind  the  roar  of  a machine  because 
they  live  lives  during  which  leisure  is 
mostly  filled  with  the  roar  of  televi- 
sion or  Walkmans.  They  don’t  miss 
the  sounds  and  smells  of  nature  be- 
cause nature  — subconsciously,  may- 
be — has  become  an  enemy  except  in 
very  controlled  circumstances. 

Nature  has  to  be  sanitized  and 
kept  ai  bay,  with  guards,  curfews 
and  a dizzying  set  of  other  rules  and 
regulations,  benches,  white  lines, 
parking  lots,  chemical  outhouses. 
Even  our  own  circumscribed  tittle 
gardens  are  not  kept  for  silting  in 
and,  say,  reading,  but  lor  dousing 
with  insecticides  and  trimming  and 
manicuring  with  mowers  and  the 
newest  weapon,  leaf  blowers. 

Once,  nature  was  a legitimate  ene- 
my: Back  when  there  were  wolves  in 
the  woods  around  Brussels,  when 
travelers  could  lose  their  way  and  die 
of  hunger  and  thirst  on  the  plains  of 
While  Russia.  But  now.  nature  (aside 
from  the  weather)  has  long  been 
tamed,  and  at  such  latitudes  as  New 
Haven  and  Granby  it  very  rarely 
shows  its  old  hidden  strength. 

To  us  here,  nature  becomes  dan- 
gerous when  we  ourselves  have  first 
polluted  iL  In  fact,  some  might  argue 
that  we  aren’t  protecting  ourselves 
from  nature  but  protecting  nature 
from  us.  No  doubt  that  is  sometimes 
true,  but  it  does  nothing  to  change 
the  perception  thai:  nature  is  “the 
other"  of  which  we  cannot  be  part 

That,  we  are  told,  is  the  price  of 
progress.  But  progress  does  not  have 
to  become  a dirty  word  unless  our 
lack  of  sense  makes  it  so.  The  human 
body  isn’t  happiest  in  a controlled, 
lukewarm  environment  of  machine- 
made  air.  The  wonder  of  nature  may- 
hit  us  at  any  time,  but  preferably  not 
in  a rest  area  with  a dozen  other  cars 
under  a sign,  “Point  Lookout.  No 
Smoking.  No  Loitering.  No  Walking 
an  the  Grass.”  The  night  wind,  per- 
haps too  warm  or  too  cold  for  “com- 
fort," has  its  own  mystery. 

I don’t  know  if  it’s  true  that  the 
view  of  nature  as  an  enemy  or,  at  the 
least  an  opponent,  who  has  to  be 
kept  at  arm’s  length,  arranged  and 
filtered,  is  a typically  male  trait.  It  is 
certainly  a late  20 ih  century  human 
trait.  It  closes  off  a world  of  sensa- 
tions for  us  and  for  our  children. 

international  Herald  Tribune. 


€*niuil»L‘  Natk 


1955:  the  Super  Constellation  - Frankfurt 


to  New  York  nonstop.  1970:  Europe’s  first  747. 


X+k  ■ 

i 1-  ,J 


■5  Of 


t'.V 

r! 

*.«>»•" 

i 

««“•*  •*" 
;#■*" 
a,  *f" 

TV  *• 
i**1"'  ' '' 


1991:  the  number  one  airline  to  Eastern 
Europe.  1993f28^illion  passengers.  , 
The  future?  Otirmost  important  object! 


remains 


-v£S*' 

Kf&v) 

1 ■ 

Your  smile. 


i. 


Page  6 


INTERNATIONAL  HERALD  TRIBUNE.  THURSDAY.  OCTOBER  6.  1994 


4 Tourists 
Are  Hurt  in 
West  Bank 
Bus  Attack 


Compiled  tv  Our  Staff  From  Dispatches 

JERUSALEM  — Four  tour- 
ists were  slightly  wounded,  and 
a Palestinian  was  shot  to  death 
Wednesday  in  separate  attacks 
in  the  West  Bank. 

The  tourists  were  wounded 
when  a grenade  was  thrown  at 
their  bus.  which  was  parked  in 
the  Arab  town  of  Azariya,  out- 
side Jerusalem.  The  tour  group 
was  visiting  a church  built  on 
the  site  where  Jesus  is  believed 
to  have  resurrected  Lazarus. 

An  Italian  woman  and  on  Ar- 
gentine man  were  taken  to  the 
hospital  with  eye  and  hand  inju- 
ries that  doctors  said  were  “very 
slight."  The  other  two  were 
treated  at  the  site  by  paromed- 


mm 

l , . ?>*.(; -j 

;.®SS 


Inside  the  Bam , d Grim  Scene 

Bodies  Found  Strewn  About  a Primitive  Altar 


• ■■ 


By  Robert  L.  Kroon 

International  Herald  Tribune 

C H El  RY.  Switzerland —On 
the  edge  of  a pine  forest,  a 


The  police  discovered  pass- 
ports and  driving , licenses  of 
Swiss,  Canadian  ana  French  or- 


‘I  knew  Mr/  Giacobino 


*1  . <• 


lb..  'A,S,. ; 


charred  hulk  of  a half-intact  weir  said  Mr  jhjerrien.  “He 
barn  was  all  that  remained  of  wa*  in  his  70s.  Before  he  bought 


sect  and  their  visitors  were  busy 
in  the  garden  every  weekend, 
lending  their  vegetables.  % 
Only  five  people  lived  at  the 
farm  permanently,  including 
Mr.  Giacobiiii  ana  his  ddcrly 


thefarm  of  Albert  Giacobino.  ^ in  Qjleiiy  two  years  couple  and  a young  man. 
w M m am.  he  W a b®  lira,  in 


'*•  -ijvi 
L.yV- 


female  companion,  a younger 
couple  and  a young  man.  The 


and  policemen  discovered  the 


ago,  he  had  a b/g  fa 
solx,  near  Geneva.” 


bodies  of  23  men  and  women  to,d  ■ he  ha(j  timM 
S JSi'S E extensively,  to  Australia  and 


primiuve  shnne  in  a room  be-  Thienien  said. 

hmd<  a hidden  door  on  the  „Hg  was  frio&dly  bul  a bit  fim. 
bam  s ground  floor.  The  farm  is  /about  heaven  and 

outside  Cheiry.  a bucolic  village  * . %■  » 


m,f-: : ' ■ 


barn's  ground  floor.  The  farm  is 


b'i.i  \ ■ ••  ■ ,> 


The  Palestinian  tourism  min- 
ister, Elias  Freij,  condemned 
the  attack,  calling  on  Palestin- 
ians to  give  “full  protection,  to 
respect  and  show  hospitality  to 
all  pilgrims.” 

The  chief  of  Palestinian  secu- 
rity in  the  West  Bank.  Jibril 
Rajoub,  also  condemned  the  at- 
tack, Israel  Radio  said.  Mr.  Ra- 
joub said  Palestinian  security 
forces  would  prevent  such  at- 
tacks once  thev  assumed  re- 


f5'*-  «.<.  ;-jv  x 


wp.  iMwmt 


ouuiue^oeuy  a ou«/nv  ^ d 

of  IJOp^plem  rolUng  pasture  ™ T®en,  secretary  of 
land  between  Bern  and  Lau-  d Ilii  b«:a 


the  village  council,  said  the 


mm 


4-u  ■ j i . ~ . M farm  was  owned  by  a company 

The  wuidowless  shnne  had  ^ Chciry  AgHculmrd 

mirrors  on  ihe  wails  and  a rnd,  - ResearetJeFarm.ry 


psfi 


mentarv  altar  and  cross  in  the 
center."  Bodies  were  strewn 


Its  sppnaliry  was  macrobiotic 


center,  ouiura  pr0du<re  and  members  of  the 

about  on  the  concrete  floor  and  * j 

in  an  adjoining  room.  , j 


three  younger  people  all  had 
outside  jobs,  one  of  them  at  a 
nearby  hospital. 

Hie  police  are  working  on  a 
theory  that  one  or  more  ring- 
leaders oversaw  the  killings  in 
Cheiry,  and  then  went  to  cha- 
lets, 80  kilometers  (50  miles) 
away,  to  kill  other  cult  members 
and  set  fire  to  the  buildings. 

A police  source  said  the  fires 
in  the  chalets  began  around  4 
A.M.,  four  hours  after  the  Maze 
at  Chewy. 


Aleundcr  Joe  Ajentvr  Ffanur-Pie-'* 

SHELTER'S  WHERE  YOU  FIND  IT — A Rwandan  refugee  at  a camp  Wednesday  in  Zaire.  Aid  workers  returned 
to  the  Katale  camp  under  the  protection  of  Zairian  police,  who  investigated  a report  that  30  Boy  Scouts,  who  had 
been  helping  the  weak  and  elderly  guard  their  food  against  theft,  had  been  massacred  there  at  the  end  of  September. 


sponsibility  throughout  the 
West  Bank. 


Power  Struggle  in  Azerbaijan 

President  Appears  With  His  Rival  After  a Coup  Accusation 


IRAN: 

Revolution  Slows 


Continued  from  Page  I 


Israeli  troops,  meanwhile, 
shot  and  killed  a Palestinian 
when  he  tried  to  stab  a soldier 
in  the  West  Bank  city  of  He- 
bron, military  sources  said. 

Ziad  Am  arm , 21,  was  the  sec- 
ond Palestinian  to  die  in  similar 
circumstances  in  less  than  a 
week  in  Hebron,  where  a Jewish 
settler  shot  and  killed  29  Pales- 
tinian worshippers  in  February. 

Since  the  massacre,  every  in- 


cident sparks  further  violence, 
and  Palestinians  reported  ex- 
tensive riots  throughout  the  city 
Wednesday.  Hospitals  reported 
that  a 50-year-old  man  received 
a gunshot  wound  in  the  arm. 

The  army  put  Hebron  under 
curfew,  ordering  the  80.000 
Arab  residents  indoors. 

(AP,  AFP) 


Arts  & Antiques 

Evwy  Saturday 
Contact  Fred  Roncxi 
Tel:  (33 1)46  37  93  91 
Fax:  [33  1)46  37  93  70 
or  your  nearest  IHT  office 
or  representative 


Complied  bv  Our  Staff  From  Dupnatha 

BAKU,  Azerbaijan  — Presi- 
dent Heydar  A.  Aliyev  ap- 
peared in  public  Wednesday 
with  his  rival.  Prime  Minister 
Surat  Huseynov,  whom  he  had 
earlier  accused  of  mounting  a 
coup,  suggesting  the  two  hud 
patched  up  their  shaky  relations 
for  the  time  being. 

Bul  a senior  aide  to  Mr. 
Aliyev  strongly  suggested  that 
Mr.  Huseynov]  who  has  not  en- 
joyed good  relations  with  the 
president  since  helping  him 
take  power  last  year,  could  be 
forced  out. 

Earlier  Wednesday,  Mr. 
Aliyev  said  in  a televised  ad- 
dress to  the  nation  that  “dark 
forces"  backed  by  pro-Hu- 
seynov  troops  had  seized  the 
airport  and  other  strategic 
buildings  in  the  western  city  of 
Gence.  which  is  the  prime  min- 
ister’s power  base. 

An  emotional  Mr.  Aliyev 
told  a 20.000-strong  crowd  of 
his  supporters  in  the  capital 
Baku,  that  government  forces 


had  taken  back  the  airport,  with 
the  loss  of  three  soldiers. 


He  insisted  that  he  still 
backed  the  7I-year-o!d  Mr. 


“The  country  was  on  the  edge  Aliyev  and  blamed  unidentified 
of  civil  war:  at  the  last  moment  “independent  groups"  in  Gence 


we  were  able  to  avert  the  crisis." 
said  Mr.  Alivev,  who  said  he 


for  the  uprising. 

Mr.  Huseynov  became  prime 


had  reprimanded  Mr.  Hu-  minister  in  an  uneasy  power- 
seynov  for  leaving  his  post  for  sharing  deal  with  Mr.  Aliyev,  a 


several  hours  on  Tuesday  eve-  former  Soviet  Politburo  mem- 


ning.  ber  and  KGB  general  who  re-  Ayatollah  Kuhollab  Khomeini 

Mr.  Huseynov.  who  became  turned  to  power  as  president  lo  uphold  the  revolution  and 
prime  minister  last  year  after  after  Mr.  Elci bey's  ouster.  Both  £are  for  families  of  Islamic 

Ifutino  a rMhplli.tn  !.■«  rttmlimu;  urprr*  r-lvtc^r  m KiWi'ita-  ihnn  w:l>  mart VfS. 


some  segments  of  society, 
gleaming  high-rise  office  build- 
ings and  residential  towers  are 
appearing  all  over  Tehran,  es- 
pecially in  the  affluent  districts. 
Some  have  been  built  with  capi- 
tal from  private  businessmen 
and  the  bony  ads.  the  revolution- 
ary foundations  established  by 
Ayatollah  Ruhollah  Khomeini 
to  uphold  the  revolution  and 


According  to  a police  spokes- 
man, Beat  Karlen,  one  of  the 
first  witnesses  on  the  scene, 
“some  had  their  heads  covered 
with  black  plastic  garbage  bags, 
taped  or  tied  around  their  neck, 
but  most  showed  bullet  wounds 
in  the  head.” 

“The  men  were  clad  in  black 
and  red  cloaks,  the  women  in 
white,  ankle-length  garments 
with  gold  embroidery,"  he  said. : 
“We  found  a 6.3mm  pistol  and 
several  empty  cartridges."  • / 

This,  he  said,  cast  doubt  on 
the  initial  reports  of  suicide.  •’ 

A fire  fighter,  Andre  Thier- 
rien,  said:  “If  this  was  suicide, 
someone  foe  sure  gave  then*  a 
helping  hand.”  / 

Witnesses  said  the  mass /kill- 


Jonestown  to  Waco: 

A Series  of  Cult  Deaths 


leading  a rebellion  to  overthrow  were  closer  to  Moscow  than  was 
the  former  president.  Abulfez  Mr.  Elcibey.  a pro-Turkish  na- 


Elcibev,  stood  silently  behind 
Mr.  Aliyev. 


tionalisL 

But  a rift  between  Mr.  Hu- 


“Surat  Huseynov  stands  here  seynov  and  Mr.  Aliyev  has  wid- 


The  Bonyad  Mostazaafan, 
which  took  over  companies  na- 
tionalized after  the  fail  of  the 
shah,  had  the  initial  social  and 


with  me  now  but  I told  him.  ened  since  then,  and  observers  revolutionary  objective  of  car- 

face  to  fare,  tnnr  n anvemmen-  hail  «saiH  a shruvrtnwn  was  im-  c i_  _ j ..  . ,,  » , 


face  to  face,  that  a govemmen-  had  said  a showdown  was  im-  ing  for  ^ downtrodden.  Now 

t^ii?'ireSAhrUldbel.,Ilh,SftaCe-  t it  has  become  a huae  conelom- 

said  Mr.  Aliyev,  who  on  Mon-  A Western  diplomat  cau-  erate.  >vilh  bank  accounts  in 
day  proclaimed  a 60-dav  state  Honed:  “Aliyev  has  the  upper  Europe  hud„et5  and  ^ 

of  emergency.  hand  for  now,  but  I do  not  unlouchable  elite  of  spiritually 

Mr.  Huseynov  36,  had  earb-  think  we  have  seen  the  last  oi  well-connected  executives.  ‘ 
er  laughed  off  allegations  that  Mr.  Huseynov. 

he  was  trying  to  grab  supreme  In  his  television  address.  Mr.  The  presidents  of  these  foun- 


ing  for  the  downtrodden.  Now 
it  has  become  a huae  coneJom- 


well-connected  executives. 

The  presidents  of  these  foun- 


he  was  trying  to  grab  supreme  In  his  television  address.  Mr.  The  presidents  of  these  foun- 
power.  Aliyev  warned  that  a coup  dations  are  appointed  by  Aya- 

"l  am  not  taking  part  in  any  threat  was  again  mm  ing  from  iollah  Saved  AU  Khamenei,  the 
coup,"  he  said.  “I  went  to  have  Gence.  and  perhaps  from  Rus-  country’s  spiritual  leader,  but 
a cup  of  tea.  I didn't  go  any-  sia  farther  north.  until  recently  there  has  been  no 


a cup  of  tea.  I didn't  go  any- 
where.” 


until  recently  there  has  been  no 
t Reuters.  AP)  official  scrutiny  of  their  deal- 
ings. Two  weeks  ago.  in  re- 


ing  had  been  elaborately/ pre- 
pared. Propane  canisters  were 
installed  throughout  the  /farm- 
house. interlinked  with  electric 
wiring  that  was  connected  to  a 
telephone. 

In  addition,  plastic  bags  with 
gasoline  were  discovered  on  the 
ground  floor.  But  only  the  liv- 
ing quarters  of  the  owper,  a re- 
tired farmer,  Albert  Giacobino. 
and  the  top  floor  of  . the  barn 
caught  fire.  j 

Mr.  Giacobino  was  found  ly- 
ing in  bed,  shot  through  the 
head. 

“For  some  reason  he  did  not 
join  the  others  in  the  shrine  for 
the  collective  death  rite."  Mr. 
Karlen  said. 

The  incendiary  devices  on  the 
ground  floor  did  not  go  off, 
sparing  the  shrine  and  provid- 
ing investigators  with  clues 
about  the  identity  of  the  cult 
members  and  their  back- 
grounds. 


/ A gence  France*  Pn sw 

' PARIS  — The  mass  deaths  in  a Swiss  village  was  the  latest 

in  a number  of  deadly  incidents  involving  cults,  the  most 
dramatic  being  the  1978  mass  suicide  of  more  than  900 
members  of  People's  Temple  in  Guyana. 

That  incident  on  Nov.  18,  1978,  resulted  in  the  death  of  913 
men.  women  and  children  who  were  members  of  the  sect, 
founded  by  the  Reverend  Jim  Jones. 

The  suicide  was  preceded  the  night  before  by  the  murder  by 
sect  members  of  Representative  Leo  Ryan  and  three  reporters 
who  had  traveled  to  Guyana  to  investigate  complaints  by 
parents  whose  children  had  joined  the  sect-  The  Reverend 
Jones,  who  had  organized  an  agricultural  commune  at  Jones- 
town. Guyana,  called  on  his  followers  the  next  day  to  kill 
themselves  in  what  he  said  would  be  a “revolutionaiy  act." 
Most  of  the  victims  drank  poison,  although  the  Reverend 
Jones  died  from  a bullet  wound  to  the  head.  Authorities  were 
not  able  to  determine  if  it  was  self-inflicted. 

More  recently,  about  86  people  died  in  Waco,  Texas,  when 
U.S.  agents  raided  the  Branch  Davidian  sect  led  by  David 
Koresh.  a self-proclaimed  prophet  Most  of  the' victims 
burned  to  death  in  a fire  that  erupted  once  the  raid  began.  Mr. 
Koresh  was  among  the  dead. 

Other  mass  suicides  linked  to  sects  have  been  reported  in 
the  last  10  yeais: 

• On  Sept.  19,  1985,  about  60  members  of  the  Ata  tribe  on 
the  island  of  Mindanao,  off  the  Philippine  coast  were  report- 
ed by  local  newspapers  to  have  committed  suicide  by  swal- 
lowing poison  on  order  of  their  high  priest  Datu  Man- 
gay  anon. 

• On  Nov.  1, 1 986,  the  charred  bodies  of  seven  women  were 
found  on  a beach  in  Wakayam.  in  western  Japan.  The  victims, 
members  of  the  Church  of  Friends  of  the  Truth,  said  in 
suicide  notes  that  they  wanted  to  end  their  life  following  the 
death  of  their  spiritual  guide  Kiyoharu  Miyamoto. 

• In  August  1987, 32  followers  of  a sect  organized  by  Park 
Soon  Ja.  a high  priestess  who  believed  she  was  a goddess,  were 
found  dead  in  Seoul,  South  Korea.  Police  said  most  of  the 
victims  had  swallowed  a nonletha)  dose  of  poison  and  (hat 
their  throats  had  been  slit. 


sponse  to  inquiries  about,  cor- 
.ruptiorx,  the  Majlis  ordered  a 
detailed  investigation  into  all 
bonyad  holdings  and  actions, 
according  to  Mr.  Khamooshi. 

“Maybe  some  people  are 
cheating,  like  all  over  the 
world,"  he  said  when  asked 
whether  these  instruments  were 
living  up  to  their  mission. 

“We  believe  only  14  people 
are  innocent  since  the  encoun- 
ter of  Adam  and  Eve,”  he  said. 
“All  the  rest  are  kind  of  shadv.” 


Master  reading  and  language 

skiDs 


with  the 

Herald 

Tribune 


CULT:  50  Members  Die  BOXr 

Continued  from  Page  1 The  Knights  Templars  rose  Glnmn 

not  catch  fire.  The  dead  were  to  prominence  during  the  Cru- 


found  with  their  hands  clasped,  sades,  rivaling  the  Knights  Hos-  rontim-H  from  t 

as  if  in  prayer.  One  couple  was  pi  talers.  But,  possibly  with  an  <Mmaea  Ir0m  1 

in  an  embrace.  Champagne  bot-  eye  to  confiscating  their  enor-  for  Computer  Associates.  Elec- 
ties  littered  the  floor.  raous  wealth.  King  Philip  IV  of  tronic  Data  Systems.  Inc.  and 

The  police  said  there  was  no  France  banned  them  in  1307  various  sponsors  who  have  con- 
evidence  of  a struggle  in  the  two  after  rumors  of  irreligious  prac-  tributed  software  and  equip- 
ehalets,  where  the  bodies  of  rices  and  blasphemy  during  ment  to  the  retreat;  they  forge 
children  were  found  lying  next  their  secret  initiation  rites.  relationships  with  _ leaders  of 
to  one  another  and  some  cou-  Canadian  policemen  were  in-  dozens  of  companies  that  are 
pies  were  lying  in  bed  vestigating  whether  Mr.  Jouret  potential  customers. 

Documents  «nri  a cassette  re-  was  one  of  two  people  found  in  Mr.  Wang,  whose  company 
wording  with  apocalyptic  warn-  a burned-out  house  at  Morin  dominates  the  global  market  for 
ngs  were  found  at  the  farm-  Heights,  north  of  Montreal,  mainframe  computer  programs, 
louse,  along  with  a chalice,  a The  house  was  owned  by  Mr.  also  exploits  the  opportunity  to 
.word  and  occult  inscriptions,  Jouret,  as  were  the  three  Swiss  warn  the  executives  to  be  wary 
>ne  of  which  read  “the  cross  chalets.  He  is  wanted  in  Canada  of  technologists  who  urge  them 
ind  the  rose."  The  police  said  on  charges  of  possessing  and  to  abandon  their  trusted  main- 
he  fires  bad  been  ignited  by  trafficking  firearms.  frames  in  favor  of  expensive, 

ie lona tors  connected  to  tele-  The  bodies  in  Quebec  were  untested  networks  of  personal 
>hones  and  Linked  to  cans  filled  wearing  medallions  with  the  computers, 
vith  gasoline  and  propane  gas.  initials  TS,  the  French  initials  , But  usually,  Mr.  Wang's  ad- 
Neighbors  said  die  farm  had  of  Solar  Tradition.  The  Canadi-  vice  is  delightfully  candid  and . 
teen  bought  three  years  ago  by  police  said  the  house  also  nontechnical.  f 

i group  that  said  it  was  in-  was  wired  up  with  timers  and  # “How  do  I know  whether  to 
olved  in  macrobiotic  and  or-  g&s  tanks.  single-click  or  double-click  with 

lanic  farming.  The  chalets  are  The  Renewed  Order  of  the  the  mouse?”  one  executive 
.bout  80  kilometers  (50  miles)  Temple  was  founded  in  1970  by  asked. 

way  near  Granges-sur-Salvan.  Julien  Origas,  a former  Gestapo  “Wang’s  Rule  on  mice  is,  try 
Mr.  Jouret,  a 46-year-old  Bel-  official,  and  dabbles  in  as Lrolo-  clicking  once,  and  if  nothing 
ian  homeopathic  doctor,  is  gy,  alchemy,  the  cabbala  and  happens,  click  twice,"  Mr. 


in  an  embrace.  Champagne  bot-  eye  to  confiscating 


ties  littered  the  floor. 


raous  wealth.  King  Philip  IV  of 


The  police  said  there  was  no  France  banned  them  in  1307 
evidence  of  a struggle  in  the  two  after  rumors  of  irreligious  prac- 


chalets,  where  the  bodies  of  rices  and  blasphemy  during 
children  were  found  lying  next  their  secret  initiation  rites. 


to  one  another  and  some  cou- 
ples were  lying  in  bed. 


Canadian  policemen  were  in- 
vestigating whether  Mr.  Jouret 


As  for  the  good  list,  he 
named  “the  Prophet,  his  daugh- 
ter and  his  12  followers." 


Documents  and  a cassette  re-  was  one  of  two  people  found  in 
cording  with  apocalyptic  warn-  a burned-out  house  at  Morin 


ings  were  found  at  the  farm-  Heights,  north  of  Montreal, 
house,  along  with  a chalice,  a The  house  was  owned  by  Mr. 


Realizing  he  had  missed  a 
few  of  the  virtuous,  he  quickly 
added  that  “all  religious  proph- 
ets" were  innocent. 


IN  THE  NEWS  will  help  those  | 
perfecting  their  English  to  become 
independent  and  efficient  readers. 

Through  compelling  news  and  feature 
stories,  essays  and  editorials,  you  will  not 
only  explore  thought-provoking 
contemporary7  issues,  but  also  investigate 
intriguing  questions. 

Related  activities  and  exercises, 
developed  by  the  editors  of  the  NTC 
Publishing  Group,  one  of  the  leading 
American  educauonal  publishers,  provide 
a complete  framework  for  improving 
reading  and  language  skills. 

The  IN  THE  NEWS  package,  in  a 
vinyl  storage  case,  consists  of: 

” The  Manual  (160  pages)  with 
articles  grouped  into  thematic 

sections:  News,  Opinion.  Business, 

Education.  Arts  and  Leisure,  Science 


and  Environment  Sports. 

Eveiy  article  is  followed  by  exercises  to 
help  readers  better  understand  its  main 
points,  vocabulary'  and  idioms.  Each 
section  includes  a "Focus  on  the 
Newspaper"  unit  designed  to  familiarize 
readers  with  the  characteristics  of 
journalistic  writing  and  enable  them  to 
analyze  the  content  and  viewpoint  of 
newspaper  articles. 

T j Three  audio  cassettes  with  readings 
! | of  selected  articles  from  the  manual. 

i i to  help  users  improve  comprehension 

as  they  explore  challenging  articles. 

IN  THE  NEWS  is  an  excellent 
tool  for  improving  your  English  - and 
is  a perfect  gift  for  colleagues,  friends 
or  family  members  who  are  studying 
English  as  a foreign  language. 

Order  your  copies  today! 


cu>  were  innocent.  detonators  connected  to  tele- 

Mr.  Khamooshi  said  that  in  phones  and  Linked  to  cans  filled 
the  future,  the  bonyads.  seen  by  with  gasoline  and  propane  gas. 
some  as  a state  of  uncontrolla-  Neighbors  said  the  farm  had 
ble  economic  power  within  the  been  bought  three  years  ago  by 
state,  may  be  dissolved  and  a group  that  said  it  was  in-  was  wired  up  with  timers  and 

their  assets  sold  to  the  private  volved  in  macrobiotic  and  or-  gas  tanks, 

sector  to  add  income  to  the  gaaic  farming.  The  chalets  are 
treasury.  Bul  the  investigation  about  80  kilometers  (50  miles) 
of  the  bonyads  will  not  resolve  away  near  Granges-sur-Salvan. 

Lhe  issue  of  subsidies,  now  be-  . Mr.  Jouret,  a 46-year-old  Bel- 
ing  debated  in  the  Majlis.  gian  homeopathic  doctor,  is 
. n . D , ......  grand  master  of  the  Solar  Tra- 

A Central  Bank  official  la-  ^ offshoot  of  ^ Re_ 

memed  that  at  the  prices  the  Qewed  0rder  of  ^ Temple, 

state  buys  flour  and  sel b the  OQe  of  do2ens  of  &Q  s 

resulting  bread  Iran  is  losing  ing  to  ^ ^ heirs  of  the 

^ Meshed  Knights  Templar,  dissolved  in 

subsidized  flour  at  black-mar-  14^  century, 
ket  raLes  and  feed  bread  to  their 


sword  and  occult  inscriptions,  Jouret,  as  were  the  three  Swiss 
one  of  which  read  “the  cross  chalets.  He  is  wanted  in  Canada 


and  the  rose."  The  police  said  on  charges  of  possessing  and 
the  fires  had  been  ignited  by  trafficking  firearms. 


The  bodies  in  Quebec  were 


phones  and  Linked  to  cans  filled  wearing  medallions  with  the 
with  gasoline  and  propane  gas.  initials  TS,  the  French  initials 


Neighbors  said  the  farm  had  of  Solar  Tradition.  The  Canadi- 
been  bought  three  years  ago  by  an  police  said  the  house  also 


game  farming.  The  chalets  are  The  Renewed  Order  of  the 


about  80  kilometers  (50  miles)  Temple  was  founded  in  1970  by 
away  near  Granges-sur-Salvan.  Julien  Origas,  a former  Gestapo 


gian  homeopathic  doctor, 


happens,  click  twice,’ 


grand  master  oF  the  Solar  Tra-  oriental  mysticism,  according  Wang  answered. 


dition.  an  offshoot  of  the  Re-  to  the  Ikor  Center.  He  also  offered  strategic  sug- 

newed  Order  of  the  Temple,  Jean-Fran$ois  Maier,  a Swiss  gestions. 
one  of  dozens  of  groups  claim-  cult  expert,  said  that  Mr.  Jouret  “Make  technologists  part  of 
ing  to  be  the  heirs  of  the  had  “created  an  atmosphere  of  the  management  team."  Mr. 
Knights  Templar,  dissolved  in  an  impending  catastrophe  Wang  advised  “A  technology 
the  14th  century.  around  him."  officer  who  does  not  have  a 


the  14th  century. 


the  management  team."  Mr. 
Wang  advised  “A  technology 
officer  who  does  not  have  a 
vested  interest  in  business  oper- 
ations wnll  simply  spend  all 
your  money  and  then  go  on  to 


cattle  Subsidized  gasoline  costs  ations  si^pl 

only  7 cents  3 gallon,  ond  st  irn  a t t vntvr  mnnpv  a *j 

ITALY:  Inquiry  Jolts  Government  mother  busing.- 

□omic  reforms  will  be  whether  _ / — 

he  can  end  the  hefty  fuel  subsi-  Continued  from  Page  1 crees  that  do  not  require  Parlia-  ) 


he  can  end  the  hefty  fuel  subsi- 
dies. 


told  Corriere  della  Sera:  “It  is  ment’s  ®PProval- 


According  to  rumors,  Iran’s 
elite  scholars,  the  80-man  As- 
sembly of  Experts,  are  debating 
a third  term  for  the  president, 
who  is  limited  to  two  by  the 
constitution.  But  the  larger 
question  is  not  his  political  fate 
but  whether  his  far-reaching 
policies  will  survive. 


true,  we  are  at  a crucial,  impor- 
tant point.  What  has  appeared 
in  the  newspapers  about  theTe- 
lepiu  problem  shows  clearly 
enough  that  there  is  a risk  of 


While  this  fevered  discussion 
oyer  the  separation  — and  exer- 
cise of  power  continues,  op- 
position politicians  argue  that 
the  real  issue  is  the  ever-more- 


Business 


reaching  very  high  levels  in  the  apparent  conflict  between  Mr. 

w.-vrM  Af  M Rprilicmni’e  no 


lit  LNTEKiV\Tli*>  \L  fJW  f | 

iierala^a^nbunc 


world  of  politics  and  finance." 

The  latest  collision  added  to 
the  confusions  that  have  built  in 
recent  days,  with  President  Os- 
What  is  at  stake  for  the  West  car  Luigi  Scalfaro  complaining 
is  whether  the  pragmatic  forces,  about  the  govern  man's  han- 
with  whom  Mr.  Rafsanjani  has  dling  of  the  country’s  austerity 
been  identified  as  favoring  eco-  budget  and  Irene  Pivetti,  the 
nomic  realism  and  a reimegra-  speaker  of  the  lower  bouse  of 
lion  of  Iran  with  the  rest  of  the  Parliament,  criticizing  the  gov- 
world,  will  be  able  to  shape  the  eminent’®  use  of  emergency  de- 


Beriusconi’s  position  as  prime 
minister  and  his  continued 
ownership  of  vast  holdings  in 
the  media. 


“It  should  be  clear,  not  only 
to  opposition  forces  but  also  to 
the  majority  that  this  situation 
has  become  intolerable  for  our 


speaker  of  the  lower  bouse  of  democracy,"  said  a statement 
Parliament,  criticizing  the  gov-  by  the  opposition  party,  the 


Center 

Every  Wednesday 
Contact 
Philip  Oma  - 
Td.: 

{33  1 ) 46  37  93  36 

Fax: 

(331)46  37  9370 
or  your  nearest 
IHT  office 
or  representative 


future. 


Democratic  Party  of  the  Left. 


Return  vour  order  to  International  Herald  Tribune  Offers. 

37  Lambton  Road,  London  SW20  0LW,  England.  For  faster  service,  fax  order  to:  (44-Sl)  944  8243. 


Please  send  me copies  of  IN  THE  NEWS  at  UK£32 

IUSS44.95)  each,  plus  postage  per  copy: 

France  £3.50:  rest  of  Europe  £5.50:  North  America.  Africa. 
Middle  East  £7.50:  rest  of  world  £1 1. 

Please  allow  up  to  3 weeks  for  delivery. 


^ ■ IT  ' 

Payment  is  by  crec&t  card  only.  Please  charge  to  my  credit  card:  S 

•o« 

□Access  DAmex  DDiners  QEurocard  DMasterCard  DVisa  ^ ! 


Name 

llll  MlA'k  k'lliv,! 

Address  _ 


Card  No. . 


Exp.  date. 


“For  every  step  Rafsanjani 
takes  forward,  he  has  to  take 
two  steps  back,”  a businessman 
complained.  Like  many  other 
Iranians,  he  had  hoped  Mr. 
Rafsanjani’s  election  last  year 
would  set  Iran  on  the  road  to- 
ward irrevocable  liberalization, 
! Free  enterprise  and  an  opening 
to  the  WesL 


RUSSIA:  Debt  Accord  Readied  With  Western  Banks , 


injilllX 


Ynintt 


i.; 

. I K 


A *4$ 
- oHL 

. lU.« 

S=r  i 


j-  li  La« : r- 


imin 


Continued  from  Page  1 mercial  banks  agreed  not  to  in- 
sist on  sovereign  immunity  be- 
coun  tries,  but  Moscow  bristled  cause  the  word  of  the  Russian 


entity,  would  act  to  guarantee 
the  debt. 


at  the  idea  of  a waiver,  contend-  government  was  a sufficient 
ing  that  it  was  not  consistent  guarantee  that  the  banks  would 


Signature. 


City/Code/Country . 


Company  EEC  VAT  D No. 


This  trend  has  been  over- 
ruled so  far  by  clergymen  push- 
ing their  minions  into  key  posi- 
tions at  the  Central  Bank  and 
other  institutions  at  the  expense 
of  technocrats. 


with  its  stature  as  a world  pow-  not  suffer  losses  as  a result  of 
er.  During  the  signing  ceremo-  the  rescheduling. 


ny,  Mr.  Sbokhin  made  a point  Another  obstacle  to  the  deal 


- . - — VWUU4VIV,  III  UIC  UCJLL 

or  announcing  that  the  agree-  that  was  removed  on  Wednes- 
ment  did  not  require  “any  waiv-  day  was  that  Russia  agreed  that 
mg  of  Russian  sovereign  immu-  Vneshekonombank,  the  Rus- 
. , sian.  bank  for  foreign  economic 

Mr.  vontz  said  that  the  com-  affairs,  or  some  other  agreed 


Proof  of  the  international  in- 
vestment community's  enthusi- 
asm for  the  Russian  debt  deal 
came  when  Russian  loans  de- 
nominated in  dollars  that  are 
traded  on  markets  surged  after 
the  announcement.  Their  price 
climbed  as  high  as  41  percent  of 
the  face  value  of  the  loans,  up 
jrom  around  38  percent  on 
Tuesday. 


« ( 


houiui 


""  A 


V ^ 


PiTERNATlOIVAL  HERALD  TRIBUNE,  THURSDAY,  OCTOBER  6, 1994 


Page? 


Let  s Talk,  Patten  Urges  Recalcitrant  Chinese 


By  Kevin  Muiphy 

International  Herald  Tribune 


Sounding  more  like  a mayor 
running  for  re-election  than  a 


Frequently  citing  Britain’s 
“lack  of  sincerity,”  Chinese 


«•!  in 


Ldown.  until  Hong  Kong  reverts  China,  Mr.  Patten  announced  a 
to  Chinese  rule,  Governor  Chris  minor  concession  to  Beijing 
:Patten  on  Wednesday  called  on  along  with  several  new  social 


mounted  a charged  with  negotiating  maior 
to  Beging  details  of  the  1997  handover 
new  social  have  failed  to  find  common 


The  negotiations  have  been 
hampered  by  Beijing’s  opposi- 
tion to  the  Jardine  Matbeson 
group,  one  of  several  Firms  in- 
volved in  the  project 

“While  we  mark  time  on  this 


SW»  » .«*  an impasse  in  welfare  initiatives  already  con-  ground  P«3«^  **  shipping  business 

.Bntish-Chinese  relations  that  demned  by  China.  financing fo?Hon?KS?ls SS  g0?  £ewfaere,  ^ PatleD 


“ 7 , K echoing  a I theme  recouat- 

Smcenty  does  not  mean  one  ■ huhon  airport  to  the  local-  j™  economic  cost  to  China 


-threatens  a smooth  transfer  of  “Sincerity  does  not  mean  one  ^.billion  akpon  to  v 


dais  preempted  the  announce- 
ment of  a series  of  measures 
designed  to  assist  the  elderly 
and  disabled  and  improve 
health  care  in  the  colony  by 
warning  Hong  Kong  residents 
to  beware  of  a move  to  '‘intro- 
duce welfarism  vigorously." 

“This  is  not  merely  going 


ing  the  economic  cost  to  China  against  the  Joint  Declaration 
of  lack  of  progress  in  the  talks,  creating  a danger  to  the 


speech  that  nonethetes  <!“: 


“We  still  have  not  been  able 
to  reach  an  agreement  on  the 
development  of  Container  Ter- 


ln  proposing  a limited  role  Special  Administrative  Re- 
for  a Beijing-appointed  com-  Son,”  said  Wang  Fengchao,  a 


mi  nee  previously  ignored  by 
the  British,  who  feared  its  role 


deputy  director  of  the  Hong 
Kong  and  Macao  Affairs,  refer- 


A 


'Pr-i  , 

‘ H 


‘subrtly  blamed  China  for  failiTiP  opraticchanges passed  by  Hong  ™na1.9  for  reasons  which  have  as  a rival  power  center  in  Hong  ring  to  the  1984  treat}'  govem- 
-to  endorse  a long  list  of  legal  ^on^s  ^eS^aturc  ia  June.  worrying  implications  for  the  Kong,  Mr.  Pauen  said  he  hoped  log  Hong  Kong's  return. 


and  financial 

:dal  to  orderly 


)f  legal 
t$  ern- 


v ...  temtoiys  future  as  an  inlema- 

Cooperation  isn  t a one-way  tional  center  for  business.”  Mr 
street,  ’ Mr.  Patten  said.  Patten  said. 


to  “put  a bit  more  petrol  in  the 
JLG’s  tank." 


em*  n i 

* of  < 


:N. 


{ 

Plugging  Away  at  North  Korea 

Despite  Nuclear  Talks  Deadlock,  U.S,  Sticks  to  Hard  Line 


But  analysts  said  a willing- 
ness to  involve  the  Preliminaiy 


Working  Committee,  a body 
composed  of  senior  Chinese  of- 


composed  of  senior  Chinese  of- 
ficials and  leading  Hong  Kong 
residents  deemed  loyal  to  Beij- 
ing, stopped  short  of  a major 
backdown  by  Britain. 


By  R.  Jeffrey  Smith 
and  Ann  Devroy 

Washurgum  Past  Service 

WASHINGTON  — The  Clinton  administra- 


tion has  derided  not  to  shift  course  in  dealing  reacIor 


harm  U.S.  interests  so  long  as  North  Korea 
continued  to  abide  by  its  June  pledge  to  freeze  its 
production  of  plutonium,  a key  ingredient  of 
nuclear  arms,  and  its  operation  of  an  existing 


‘It  was  a conciliatory  speech 
but  in  essence  it  said,  “We  win 
do  almost  anything  to  work 
with  you,  but  at  the  end  of  the 
day  it's  not  just  Britain's  prob- 


day  it  s not  just  Britain  s prob- 
lem,'" said  Nick  Moakes,  a 


with  North  Korea,  even  though  discu-ssion*?  in 
Geneva  on  that  country’s  nuclear  program 
reached  an  apparent  stalemate  last  wok,  U.S. 
officials  said. 

. Senior  U.S.  policymakers  decided  that  Am- 
bassador-at-Large  Robert  GaUucci  would  return 
'to  the  negotiating  table  in  Geneva  on  Wednes- 


The  U.S.  position  is  consistent  with  what  se- 
nior South  Korean  and  Chinese  officials  have 
recommended  to  Washington  in  recent  days,  the 
officials  said.  Foreign  Minister  Qian  Qichen  of 
China  told  Secretary  of  State  Warren  M.  Chris- 
topher in  Washington  this  week  that  North  Ko- 
rea’s recent,  hard-line  stance  in  the  negotiations 


position 

Korean 


day  with  no  major  new  instructions,  the  officials  was  merely  a tactic  to  persuade  Washington  to 


The  policymakers'  decision  reflected  what  set- 


back down. 

South  Korean  officials  have  advised  the  ad- 


eral  officials  described  as  a consensus  view  that  ministration  that  the  North  Korean  stance  may 


the  administration  should  continue  to  insist  that  reflect  die  temporary  emergence  of  a military- 

VnrfK  Fatm  ans?  aTI  ^ *' • .t  t - .1 * • _ i _ 


North  Korea  freeze  and  eventually  terminate  all  backed  faction  in  North  Korea  that  is  opposed  to 
its  nudear  efforts  in  exchange  for  the  same  terminating  the  nuclear  program.  But  the  signifi- 
package  of  economic  and  political  rewards  that  cance  of  this  development  will  remain  unclear 


China  analyst  with  S.G.  War- 
burg Securities. 

In  an  early  reaction  reported 
by  Hong  Kong’s  RTHK  radio, 
a spokesman  at  the  Xinhua 
news  agency,  China’s  de  facto 
embassy  in  Hong  Kong,  dis- 
missed the  speech  as  “merely 
words."  A senior  official  in  the 
Hong  Kong  and  Macao  Affairs 
office  in  Beijing  said:  “We  have 
to  see  what  the  Hong  Kong  gov- 
ernment does.  We  need  practi- 
cal actions  to  show  sincerity." 

On  Tuesday,  Chinese  offi- 


"This  is  bound  to  hurt  the 
capitalist  system,”  be  was 
quoted  as  saying  by  a Chinese 
news  agency.  “Hong  Kong  peo- 
ple must  be  vigilant  against  this 
and  not  be  confused  by  a beau- 
tiful package.” 

_ Mr.  Patten  rejected  the  criti- 
cism, citing  Hong  Kong’s  suc- 
cessful program  to  increase  so- 
cial spending  while  cutting 
taxes  and  capping  the  percent- 
age of  the  colony’s  gross  domes- 
tic product  earmarked  for  social 
spending. 

During  a press  conference 
following  his  speech,  Mr.  Pat- 
ten also  rejected  China’s  protest 
of  a Hong  KoDg  government 
decision  to  allow  a pro-Taiwan 
group  to  hire  a public  hall  to 
stage  celebrations  of  Taiwan’s 
national  day  on  Oct.  10. 

China  views  the  govern- 
ment's decision  to  rent  the  Cul- 
tural Center  to  Taiwan-backed 
Chinese  Cultural  Association  as 
an  endorsement  of  a “two  Chi- 
nas" policy  it  has  bitterly  op- 
posed since  1949.  when  Tai- 
wan’s Nationalist  led 
government  fled  Mao’s  armies. 


Art 


* - 


Urn 


If.  *T 

i^v  .■ ^ - 


Mr.  Gallucri  has  already  offered  to  his  North  until  after  a new  North  Korean  leader  is  named. 
Korean  counterpart,  Deputy  Foreign  Minister  possibly  in  mid-October,  and  no  new  U.S.  moves 


EYES  ON  THE  SKIES  — President  Suharto  of  Indonesia,  left,  with  military 
officers  viewing  a fly-over  by  fighter  jets  at  a ceremony  Wednesday  in  Jakarta. 


SokJu. 


Gallucri  had  flown  to  Washington  from  officials  said. 


should  be  made  before  then,  the  South  Korean 


Geneva  on  Friday,  after  a week  of  generally  Kim  Jong  B.  the  son  of  North  Korea’s  former 
: ” - • Kim  n ~ ' 


unproductive  talks  with  Mr.  Kang,  for  consulta-  president,  Kim  n Sung,  is  expected  to  be  named 


tions  cm  whether  the  administration  should  dis-  to  the  post  at  the  end  of  a’  100-day  mourning 
play  any  new  flexibility.  But  the  officials  said  period  for  his  father,  who  died  July  8. 

•Tuesday  that  although  North  Korea  had  rejected  A source  familiar  with  the  adrninictrnrinn’c 


Japan  Wonders  What  Stopped  the  Big  Tidal  Wave 


The  Associated  Press 


the  Kurils,  a remote  chain  of  islands  that  buildings,  most  in  Miyagi,  halfway  be- 


TOKYO  — Residents  of  Russia’s  Ku-  was  occupied  by  the  Soviet  Union  after  tween  Tokyo  and  Hokkaido. 


uesday  that  although  North  Korea  had  rejected  A. source  familiar  with  the  administration’s  ril  Islands  fled  to  higher  ground  on  World  War  II.  Ten  people  were  killed  in  Dozens  of  aftershocks  measuring  up 


key  portions  of  the  U.S.  offer,  Mr.  Gallucri  deliberations  said  the  United  States  sought 
would  continue  to  pursue  it  on  an  assumption  to  avoid  a new  confrontation  with  North  Korea 
that  North  Korea  would  eventually  give  way.  with  U.S.  forces  engaged  in  Haiti  and  midterm 
They  also  noted  that  a stalemate  would  not  elections  only  weeks  away. 


Wednesday  fearing  aftershocks  of  Tues-  the  Kurils,  which  was  hit  by  waves  as  to  a magnitude  of  5.5  rallied  the  region 


day’s  massive  earthquake,  as  scientists  high  as  9 feet  (3  meters). 


tried  to  determine  why  the  initial  tremor  The  iremor.  the  strongest  to  hit  the  age  or  injuries  were  reported, 
caused  relatively  little  damage  in  Japan,  area  in  26  years,  was  centered  13  miles  A reporter  on  Sakhalin  Island  in  the 
Seismologists  said  that  some  quirk  of  (21  kilometers)  under  the  sea.  about  100  Kurils  said  many  people  had  evacuated 
underwater  geography  apparently  miles  off  the  northern  Japanese  island  of  coastal  areas,  fearing  more  waves, 
shielded  Japan  from  what  could  have  Hokkaido  and  near  the  Kurils.  “They  are  in  the  hills  with  no  food,  no 


TO  OUR  READERS  IN  BERLIN 

You  can  now  receive  the  IHT  hand  delivered  to  your 
home  or  office  every  morning  on  the  day  of  publication. 
Just  call  us  toll  free  at  01 30  84  85  85 


been  a devastating  jolt  and  catastrophic  No  fatalities  were  reported  in  Japan  water  or  personal  belongings.’'  said  the 


tidal  waves,  or  tsunamis,  from  the  quake,  as  a direct  result  of  the  quake,  but  an  air  reporter.  Yevgeni  Kulkov, 
which  registered  8.2  on  the  Richter  force  jet  went  down  while  surveying  the  In  coastal  areas  of  Japan, 


scale.  A quake  of  magnitude  8 is  capable  east  coast  of  Hokkaido.  The  wreckage  often  cause  far  more  fatalities  than  die 


of  tremendous  damage.  was  spotted  Wednesday  and  the  b 

“Considering  the  magnitude,  it’s  one  of  two  pilots  was  found, 
strange  that  a much  larger  tsunami  The  police  in  Japan  said  228 
didn't  hit  Japan,’’  said  Yoshihiro  Ohara  were  injured,  all  but  one  in  Ho! 


lildings,  most  in  Miyagi,  halfway  be-  although  one  was  6 feet.  There  were  no 
reen  Tokyo  and  Hokkaido.  reports  of  any  damage. 

Dozens  of  aftershocks  measuring  up  TTie  Pacific  Tsunami  Warning  Center 
a magnitude  of  3.5  raided  the  region  in  Hawaii  issued  a tidal  wave  wanting 
Wednesday  morning,  but  no  new  dam-  for  all  Pacific  islands  and  coastal  areas, 
;e  or  injuries  were  reported.  including  the  west  coast  of  the  United 

A reporter  on  Sakhalin  Island  in  the  States  and  Canada, 
mils  said  many  people  had  evacuated  Hawaii  closed  its  public  schools  and 
astal  areas,  fearing  more  waves.  beaches  early  Tuesday  and  ordered  resi- 
“They  are  in  the  hills  with  no  food,  no  dents  of  coastal  area's  to  evacuate.  But 
iter  or  personal  belongings.”  said  the  the  waves  reached  only  IS  inches  and 
porter.  Yevgeni  Kulkov.  the  tsunami  warning  was  lifted  through- 

ln  coastal  areas  of  Japan,  tsunamis  out  the  Pacific  about  six  hours  later, 
ten  cause  far  more  fatalities  than  (he  A one-foot  tsunami  was  spotted  Tues- 


was  spotted  Wednesday  and  the  bodv  of  actual  temblor.  Most  of  the  nearly  200  day  afternoon  in  the  western  Aleutians, 

.V  . M . . P 1 “ J .1.  . • _ 1.  * ■ .1 t l AAA ' I . ...  f 11  .1.1.  J- 


of  the  Central  Meteorological  Agency  in  and  none  seriously.  Roads  were  split  by- 


deaths  in  a July  1993  quake  in  northern 
le  Japan  were  attributed  to  100-foot  tsuna- 
lo  mis. 

>y  By  early  Wednesday,  about  40  small 


liO\: 


: quake  caused  the  most  damage  in 


fissures,  and  flooding  from  burst  water  tsunami  waves  had  been  observed  in 
mains  damaged  about  500  homes  and  Japan.  Most  were  less  than  3 feet  high. 


about  1.000  miles  cast  of  Hokkaido,  said 
Paul  Whitmore.  a geophysicist  at  the 
Alaska  Tsnuami  Warning  Center. 

Tsunami  are  generally  not  considered 
threatening  to  coastal  areas  until  ihev 
reach  3 feet.  Mr.  Whitmore  said. 


ii  r l: 


BOOKS 


THE  MARRIED  MAN: 

A life  of  D.  H.  Lawrence 


WHAT  THEY'RE  READING 


'By  Brenda  Maddox.  652  pages. 
.£20.  Smckdr-Steyenson. 


-Reviewed  by 
jCatherwe  Knorr 


ITS  A measure  of  the  diffi- 
cult task  Brenda  Maddox 


I cult  task  Brenda  Maddox 
took  on  with  this  biography  of 
D.  H.  Lawrence  that  she  has  to 
‘defend  herself  in  the  preface 
against  objections  that  could 
be  paraphrased  as  Why  now 
‘and  Why  him?  After  all, 
masses  of  words  hove  been 
written  about  Lawrence  and 
his  famously  dirty  books,  his 
reputation  as  a writer  is  not 
-rock  solid,  and  both  he  and  his 
wife,  Frieda,  are  difficult  to 
like. 

In  “The  Married  Man,” 
Maddox,  whose  biography 
“Nora”  profiled  the  wife  of 
James  Joyce,  draws  Lawrence’s 
short  ana  turbulen  t life  through 
his  relationship  with  the  most 
important  women  in  that  life, 
his  mother  and  bis  wife. 

Maddox  seeks  not  only  to 
shed  new  light  on  Lawrence’s 
psychological  (and  sexual) 
makeup  but  also  to  improve 
his  image,  to  portray  him  as  a 
more  likable,  joyous  character 
than  he  usually  seems.  She 


• Simone  Branau,  president 
of  the  Citfe  Internationale  des 
Ait s,  a Paris-based  arts  founda- 
tion, is  reading  “Romans  et 
Nouvefles,”  the  short  stories  of 
Stefan  Zwog. 

“The  stones  are  sad  and  ro- 
mantic, and  Fm  not  sure  HI 
finish  them.  But  that’s  what  is 
good  about  short  stories,  you 
can  stop  and  carry  on  20  years 
later." 

(John  Brunton,  IHT) 


finds  that  he  exaggerated  his 
poverty  in  later  life,  when  his 
writing  was  bringing  in  quite  a 
bit  of  money.  To  all  this  she 
brings  a-  sharp  analysis  of  new 
malarial  such  as  letters  and 
memoirs,  as  well  as  her  own 
close  reading  and  painstaking 
research. 

Lawrence,  as  is  well  known, 
was  a miner's  son,  whose  moth- 
er was  bitter  at  her  failed  mar- 
riage. David  Herbert,  or  Bert, 
was  sick  from  birth  but  intellec- 
tually bright,  a talented  artist 
and  a voracious  reader.  Al- 
though he  went  to  college,  he 
did  not  get  a degree  but  a teach- 
ing certificate  and  afterward 
taught  at  the  Davidson  Road 
school  in  Croydon,  homesick 
and  racked  by  sexual  longing. 


1 game  (and  seems  to  have 

thought  ahead  to  the  joys  of 

being  the  widow  Lawrence). 

Maddox  believes  that  Law- 
rence  has  to  be  understood  not 
Rjn  1 as  the  prophet  of  sexual  libcra- 

| S )*»  | tion  but  as  a married  man,  as  a 

10811  who  always  wanted  to  be 
| :?  1C  1 gfl  married,  as  a man  who  bitterly  , 

1^1  w If  regretted  the  fact  that  he  did 

r»i  not ^ave c^^ren» 88 8 1080 who 

uS  I 55  ||  hated  women  but  also  under- 
fi|  ** stood  them,  as  a man  whose  sex 

life  was  quite  limited.  His  life 
was  frenzied,  a race  against 
death,  against  the  killer  he  al- 
ways denied,  the  word  he  never 
At  the  home  of  a former  pro-  usai,  tuberculosis, 
ssor,  Ernest  Weekley,  he  met  A lot  of  Lawrence’s  work 


The  IHT  Pocket  Diary 
Fits  In  The  Palm 
Of  Your  Hand. 


lessor,  Ernest  Weekley,  he  met 


his  fate  in  Frieda  von  Richtho-  draws  heavily  on  his  life,  and  he 
fen.  Weekly's  wife  and  the  himself  theorized  constantly  in  | 


icn,  weeiueys  wue  ana  me  mmseu  meonzed  constantly  in 
mother  of  bus  three  children,  his  books  and  in  his  compelling  j 
Frieda  was  one  of  three  sisters  and  unpredictable  conversation 


who  were,  according  to  one  of  on  the  insoluble  problems  be- 
their  husbands,  totally  immor-  tween  men  and  women.  He  was 


al  Maddox  believes  that  Frieda  frightened  of  women,  psycho- 
seduced  Lawrence  within  20  logically  and  sexually,  and  sex- 


seduced  Lawrence  within  20  logically  and  sexually,  and  s< 
minutes  of  their  meeting,  which  ually  ambiguous  about  men. 
seems  a bit  of  a stretch,  but  is  


cenainiy  metaphorical  true.  - M?dd^'s  *** 
The  Lawrences 


r ‘7  rvrn^nv  08  ^et,  and  it  does  reveal  a 

£?ad’  Ital-y'  x?e?“an£  lighter  side  of  Lawrence.  There 
France,  Australia,  Mexico  and,  j/faowevCT,  a danger  in  probing 

famous*,  for  a tune  m New  £ lif eTnot  to  mention 


Mexico,  invited  by  Mabel  S bST»  iS. 

theorizing  about  Lawrence’s 


Frieda  (or  at  least  traded  for  a for  certain  sexual 

t ‘if  practices  sometimes  seems  to 


ranch  lata-  named  Kiowa.  Law-  £e  lS^£ouTtru- 

rence  pursued  his  occasional  jy  adding  something  important 


BRIDGE 


dream  of  settingup  a utopian.  ^ ^ ^ ^ 

community  called  Rananim, 

something  that  was  unlikely  At  some  point,  Lawrence's 


By  Alan  Truscott 


iAr&S 


I N,^  diagramed  deal  Easts  PerfiaDc  thought  West,  the  fl-  preatciawe  temper,  ana  was  mie*  ior  pnjiosopny  m ms 

nS^Sle^Sightoer,  asking  also  cold  and  manipulative,  books.  If  Lawrence  is  a brilliant 


in  that  suit  for  a player  who  has 
doubled  one  spade  originally. 
Perhaps,  thought  West,  the  fi- 


ever  to  work  out  given  how  little  sexual  problems  are  as  uninter- 
he  was  able  to  get  along  with  esting  as  the  overwrought  ver- 


>ie.  He  had  a wild  and  un-  biage  that  sometimes  substi- 
ictable  temper,  and  was  lutes  for  philosophy  in  his 


CfjSP 


was  peculiar,  but  there  are  no 

rules  for  bidding  extremely  for  an  unusual  lead. 

freakish  hands.  Anything  that  Sn  West  led  a soa 


freakish  hands.  Anything  that  So.  West  led  a spade,  expect- 

lets  the  bidder  eventually  be-  j„g  a ruff,  and  South  gratefully 
come  the  declarer  can  be  judged  took  all  13  tricks  for  a score  of 
a success.  2,470.  Notice  that  the  happen- 

South’s  bid  of  two  hearts  apv-  stance  of  South’s  artificial  two- 
pears  natural  but  was  in  fact  an  heart  bid  bad  played  an  impor- 
artifidal  raise  in  spades  in  the;  tmt  role:  East  on  lead  would 


turning  suddenly  against  peo-  writer  at  times,  with  extraordi- 
ple  he'd  previously  courted.  nary  evocative  powers,  he  is 


powers. 


His  relationship  with  Frieda  also  turgid  and  long-winded 
was  famously  tumultuous,  and  and  sometimes  asinine.  As  he 


included  beating  her,  although  was  in  life. 


she  was  a willing  player  in  the  International  Herald  Tribune 


Year  after  year  — even  at  a period  when 
diaries  abound -the  International  Herald 
Tribune  flat,  silk-grain  leather  diary  is  the  hit  of 
the  season. 

Ingeniously  designed  to  be  thinner-rhan- 
thin,  ir  still  brings  you  everything ...  including  a 
built-in  note  pad  with  ahvays-available  "jotting 
paper".  Plus  there  are  conversion  tables  of 
weights,  measures  and  distances , a list  of 
national  holidays  by  country : a wine  vintage 
chart,  and  many  other  useful  facts.  All  in  this 
incredibly  flat  little  book  that  slips  easily  into  a 
pocket. 

The  perfect  gift  for  almost  anyone ... 
including  yourself. 

— Please  allow  three  weeks  for  delivery. 


methods  of  the  partnership.  She  surety  have  chosen  a diamond, 
eventually  earned  on  to  seven 


it  i di 


Hi  "■ 


hearts  ova:  seven  dubs  follow- 
ing an  old  principle:  when  in 
doubt  in  a highly  competitive  * 

auction,  bid  one  more  for  luck.  o 

. In  seven  hearts  doubled,  the  4 

opening  lead  was  crucial.  After  west<d> 
a routine  club  lead.  South  + j 10  5 4 
would  have  ruffed  in  dummy,  J J 5 
drawn  trumps  and  established  ^ 3 i 

spades.  There  would  then  have 
been  two  spade  winners  is  the  + 

dummy  to  take  care  of  the  de-  0 

■ darcr’s  losing  diamonds.  + 

It  is  obvious  looking  at  the 

diagram  that  a diamond  lead  Both  sides 
would  have  given  the  defense  gating: 
the  first  two  tricks,  but  that  was  JgJ  ™ 
-not  so  obvious  to  West  She  was  4 * 

sure  that  East  was  void  in  Pass 
spades  and  it  did  not  occur  to  j£ss  p* 
; him  that  East  was  also  void  in  ™ 
hearts  — an  abnormal  holding  west  fed  uk 


UVrERi'iATlOiVAL 


NORTH 
♦ A98762 
ttAKJSfl 
0 lft  ft 

ft- 

» #J*ST 

«?- 

0 A K 8 75 4 

ftAKQJ  1096- 
SOUTH 
ft  KQ3 
9 Q 109  4 3 2 
032 
*87 


KHWWilIrV.WIh.vllb'MMMlIri 


Both  sides  were  vulnerable.  The 


North 

East 

South 

l ft 

DW. 

2V 

4ft 

6ft 

Pass 

69 

7* 

7 S? 

Pass 

Pbss 

DbL 

Pass 

LIVING  m THE  U.S.? 
Now  Printed  in 
Newark 
For  Same  Day 
Delivery  in  key  Cities 

TO  SUBSCRIBE  CALL 

1-800-882  2884 

(LN  NEW  YORK,  CALL  212-752-3890) 


• Measures  8 x 13  cm  (51/4  x 3 in.). 

• Black  leather  cover 
with  gill  metal  comers. 

• Week-at-a-glance  format,  primed  on 

Trench  blue  paper  with 
gilded  page  edges. 
• 1995  notable  dales  and  national 
holidays  in  over  SO  countries:  world 
time-zone  table;  international  telephone 
dialing  aides  and  country  prefixes 
conversion  tables  of  weights, 
measures  and  distances. 
• Blue  ribbon  page  marker. 
■ Includes  removable  address 
book  dial  fits  snugly  into  its  own  silk 
pocket.  No  need  to  re-write  your  mast 
important  phone  numbers  — the  address 
book  will  fit  right  into  next  year's  diary. 

• Each  diary  packed  in  a blue  aft  box. 


I 

I Please  send  me 1995  IHT  Pocket  Diaries. 

I Price  includes  initials,  packing  and  postage  in  Europe: 

1 1-4  diaries.  UK  £22  (U.S.S33  teach  initials 

| 5-9  diaries  UK  £2030  < U.S, S3 1 ) each  diary 

j 10- 1 9 diaries  UK  £18  (U.S.S27 teach  j | 

I O Additional  postaee  outside  Europe  £4.50 1 U.S56.90) 

! n Check  here  for  delivery  outside  Europe  bv  registered  ivr 
J certified  mail:  £5.75  i‘U.S.SS.60)  per  package  plus  postage. 

. Payrtrenl  is  by  credit  card  only.  AU  irajor  cards  accepted. 

■ Please  charge  to  my  credit  card: 

l □ «*»  D Amc\  D Diiwtv  HD  Ew.vjiJ  Q MuMi-iConl  D Vw 

I Card  N” 


signature 


| Name. 


Company. 


Address. 


City/Code 


| Country . 

I Company  EEC  VAT  ID  N°. 


licralo^^.enbunc 


■ Corporate  personalization  and 
discounts  arc  available. 
For  detail*  fax  Paul  Baker  ai 
(44-SI  i 944  8243. 


■ Blue  ndepapcT  sheets  lit  on 
the  back  of  the  diary  — a 
.simple  pull  removes  top  shed. 
100  refill  sheets  included. 


West  led  the  spade  four. 


Mail  or  fax  this  order  linm  to: 
International  Herald  Tribune  Offers. 

37  Lambton  RosuL  London  SW20  OLW  U.K. 
Fax:  (4481  j 944X243 


. ; 


Page  8 


INTERNATIONAL  HERALD  TRIBUNE*  THURSDAY.  OCTOBER  6,  1994 


EUROPEAN 


TOPICS 


France  Fights  a New  Americanism 
As  It  Copes  With  a Rise  in  Obesity 

Stories,  sometimes  a bit  condescending, 
about  obesity  in  the  United  States  seem  to  be 
a staple  feature  in  the  French  press.  But  it 
may  be  time  for  the  French  to  consider  their 
own  backyard. 

Studies  around  Lyon  and  Nancy  show  a big 
rise  in  the  numbers  of  overweight  children: 
The  rate  rose  by  17  percent  from  1980  to 
1990,  and  extreme  obesity  shot  up  by  28 
percent. 

What's  happening?  French  researchers 
blame  the  same  factors  that  have  led  to  a 
doubling  of  obesity  among  young  Americans 
in  the  past  10  years:  the  arrival  of  fattening 


Hie  train  brakes  suddenly,  there  is  a mo- 
ment of  confusion,  then  a voice  comes  oo  the 
loud-speaker  to  announce  a disruption  in 
traffic  because  of  a “serious  incident  involv- 
ing a passenger.”  It  is  happening  much  more 
often  than  in  the  past  reports  Le  Figaro  of 
Paris.  In  the  1970s,  about  50  people  a year 
tried  to  take  their  lives  by  jumping  in  front  of 
trains  or  Metros  in  the  Paris  area.  This  year, 
124  people  have  done  so,  and  70  of  than  died. 

The  victims  tend  to  be  young  and  often 
poor,  according  to  Dr.  Pierre  Bailly,  who 
studied  the  matter  for  the  group  SOS  Amitie. 
Premeditated  suicides  happen  very  rarely  in 


As  Sanctions  Are  Eased,  U.S.  Still  Doubts  Yugoslavia 


public  places,  he  added,  so  he  believes  that 
most  of  those  who  leap  are  acting  on  impulse. 


most  of  those  who  leap  are  acting  on  impulse. 

The  Metro  authority  has  tried  to  fight  the 
problem,  installing  anti-suicide  pits  under  the 
tracks  on  two  lines,  so  that  people  might  fall 
under  trains.  It  also  plans  a system  of  auto- 
matic doors  on  the  future  Meteor  line  to  keep 
people  away  from  the  tracks  until  the  train  is 
in  the  station. 


By  Barbara  Crossette 

Sew  York  Tunes  Seme* 

UNITED  NATIONS,  New  York  — 
Despite  the  suspension  of  some  sanc- 
tions against  Yugoslavia  on  Wednesday, 
the  Clinton  administration  is  continuing 
to  study  reports  that  military  supplies 
are  still  crossing  the  Serbian  border  into 
Bosnia,  a U.S.  official  said. 

But  the  administration  has  not  yet 
decided  whether  to  turn  over  its  infor- 
mation to  the  United  Nations,  the  offi- 
cial said,  asserting  that  it  is  reluctant  to 
divulge  information  on  intelligence 
methods  and  sources. 

Last  week.  Defense  Secretary  William 


J.  Perry  said  at  a meeting  of  defense 
ministers  of  the  North  Atlantic  Treaty 
Organization  that  the  Bosnian  Serbs  ap- 
peared to  be  getting  some  weapons  or 
other  equipment  from  Serbia,  whose 
president,  Slobodan  Milosevic,  pledged 
w September  to  cut  off  such  border 
trade. 

His  comments  came  after  the  chief 
U.S.  delegate  to  the  United  Nations, 
Madeleine  K.  Albright,  had  voted  for 
the  lifting  of  some  of  the  sanctions  if 
Secretary-General  Butros  Butros  Gfaali 
certified  that  Mr.  Milosevic  was  making 
good  on  his  pledge.  Mr.  Butros  Gbali 
sent  the  Security  Council  a report  from 


an  international  monitoring  team  this 
week  saying  that  Serbia,  which  domi- 
nates what  is  left  of  the  Yugoslav  federa- 
tion, had  honored  the  pledge. 

The  relaxing  of  sanctions  under  Reso- 
lution 943  of  SepL  23  allows  the  reopen- 
ing of  the  Belgrade  airport  and  the  sea- 
port or  Bar  in  Montenegro.  Yugoslavia 
will  also  be  permitted  to  return  to  inter- 
national cultural  and  sports  events. 

■ Yugoslavs  Jubilant 

Yugoslavia  was  celebrating  the  easing 
of  the  sanctions,  imposed  28  months  ago 
for  triggering  the  war  in  Bosnia,  news 
agencies  reported  Wednesday  from  Bel- 
grade. 


“The  Blockade  Has  Fallen,”  the 
newspaper  Vecernje  Novosti  pro- 
claimed in  bold  letters  across  its  front 

^the  first  official  reaction,  aVugo- 

, : xfinietru  nfficiaL  nranKO 


xn  tne  nisi  w 

Slav  Foreign  Ministry  official,  BrankoJ 
Hrankovic.  called  Un  action  “a  modest* 


Brankovic,  called  UN  action  ^ modest 
but  important  first  step  m lifting  all 

sanctions.”  , ... 

He  said  that  the  embargo  shouJdDe 
lifted  totally  because  it  only  encouraged 
people  who  wanted  to  continue  the  war 

in  Bosnia.  ... 

The  Bosnian  Serbs,  meanwhile,  re- 
neged  on  a promise  10  allow  temovc-  j 
mait  of  convoys.  (AP,  Reuters)  J 


British  Publishers  Set  to  Dish  More  Dirt  on  Diana 


i'unk  food,  a move  away  from  eating  regular, 
lot  meals  at  Fixed  times,  and  an  increasingly 


hot  meals  at  Fixed  times,  and  an  increasingly 
sedentary  lifestyle. 

There  may  be  one  small  silver  lining.  If  the 
young  French  are  more  sedentary,  the  blame 

cannot  be  fixed  entirely  on  MTV  and  video 
games.  Another  study  has  found  that  82  per- 
cent of  French  children  aged  7 to  1 1 read  at 
least  one  book  a month  — well  above  the  57 
percent  of  their  parents  who  do  so. 


Around  Europe 

Two  German  magazines  aimed  at  the  job- 
less, Job  Aktuell  and  Pro  Job.  appeared  in 
March  amid  much  local  publicity.  Each 
hoped  for  a readership  of  300,000  or  more 
from  among  the  country’s  3.5  mill  inn  unem- 
ployed. Unfortunately  for  the  jobless  market, 
German  unemployment  is  now  at  a 10-month 
low.  Both  magazines  have  folded,  and  their 
journalists  have  become  job-seekers. 


Britain's  advertising  watchdog  has  con- 
demned the  state  tail  network  for  an  advertise- 
ment that  showed  12  yellow  condoms  ar- 
ranged in  a circle  like  the  European  Union 
flag. 

The  Advertising  Standards  Authority  said 
British  Rail  denigrated  the  EU  flag  and  was 
“grossly  irresponsible  in  its  encouragement  of 
promiscuity.” 

The  advertisement,  designed  to  boost  sales 
of  European  Rail  passes  for  young  people, 
was  headed:  “Inter-raiL  You've  got  the  rest  of 
your  life  to  be  good.” 

A British  Rail  spokesman  defended  die 
advertisement,  saying  research  showed  a sig- 
nificant number  of  18-  to  25-year-olds  had 
sex  on  vacation  without  condoms. 


Compiled  by  Our  Staff  From  Dispatches 

LONDON  — Fresh  trouble  appeared  on  the  hori- 
zon for  Diana,  Princess  of  Wales,  on  Wednesday  with 
reports  that  more  private-life  revelations  would  follow 
the  allegations  this  week  that  she  had  had  a long  affair 
with  a cavalry  officer. 

At  least  two  books  about  the  life  of  the  princess  and 


her  estranged  husband.  Prince  Charles,  are  due  out 
next  month,  ensuring  that  the  couple’s  bitter  feud  will 
stay  in  the  headlines. 

The  Daily  Express  said  one  of  the  books,  by  the 
author  Andrew  Morton,  would  name  a married  man  as 
“now  the  central  figure  in  her  life,”  someone  she 
turned  to  for  “comfort  and  support”  as  rumors  spread 
of  her  ties  to  James  Hewiu,  a former  captain  in  the 
Life  Guards. 

But  Mr.  Morton's  publishers  said  his  book  bad 
nothing  to  do  with  the  ^various  scandalous  allegations 
made  about  the  Princess  of  Wales”  in  die  Express. 

Buckingham  Palace  said  the  new  stoiy  — which  did 
not  say  that  the  two  had  had  an  affair  — was  pure 
speculation. 

Yet,  another  volume  featuring  the  turbulent  mar- 


Brian  Knowlton 


riage  of  the  Prince  and  Princess  of  Wales,  this  time  by 
a respected  journalist,  Jonathan  Dimbleby,  was 
thought  to  be  due  for  publication  within  weeks. 

Opinion  polls  showed  Wednesday  that  the  public 
still  supported  Diana  despite  the  allegations  m the 
gushing  purple  prose  of  “Princess  in  Love”  that  she 
had  secretly  made  love  to  Mr.  Hewitt  from  1986  until 
they  drifted  apart  five  years  later. 

The  book  by  Anna  Pasternak,  whose  great-uncle 
Boris  wrote  the  Russian  classic  “Doctor  Zhivago,”  has 
sold  100,000  copies  in  three  days,  but  the  author  and 
Mr.  Hewitt,  36.  are  now  in  hiding. 

Mr.  Hewitt,  who  lost  his  job  in  army  cutbacks,  has 
been  blackballed  by  former  fellow  officers  as  a cad  and 
a bounder. 

Miss  Pasternak  says  Mr.  Hewitt  will  not  make  a 
penny,  but  he  has  just  bought  a country  mansion,  and 
tabloid  newspapers  predicted  he  would  earn  op  to  $5 
million  from  the  tales  of  passionate  love  sessions  at  the 
princess’s  London  home  and  country  estate. 

British  newspapers  said  a Hollywood  film  company 
was  already  planning  a film  of  Diana’s  life  starring 
Michelle  Pfeiffer. 


The  book,  dismissed  by  the  palace  as  grubby  and 
worthless,  is  the  latest  embarrassment  for  the  royal 
family,  following  several  years  of  marriage  break- 
downs, topless  photos  and  tales  of  lavish  expenditure 
with  taxpayers  footing  the  bill. 

A poll  by  the  Daily  Minor  offered  a dire  warning  to 
the  House  of  Windsor,  which  for  many  has  bear 
turned  into  a glorified  soap  opera,  for  enriching  tab- 
loids and  paparazzi  photographers. 

Nearly  three  out  of  four  people  who  were  asked 
thought  the  monarchy  should  be  scrapped  in  Bn  tarn 
after  the  death  of  Queen  Elizabeth  IL 

Even  staunch  monarchists,  seeing  that  something 
must  be  done  to  salvage  the  monarchy’s  reputation, 
have  begun  this  week  to  call  for  Charles  and  Diana  to 
divorce  quickly,  or  for  Charles  to  renounce  his  claim  to 
the  throne  in  favor  of  his  12-year-old  son,  William. 

In  the  poll,  only  27  percent  of  readers  blamed  the 
33-year-old  princess  for  the  alleged  affair.  Her  popu- 
larity also  seems  not  to  have  been  harmed  by  allega- 
tions that  she  a male  friend  with  pest  phone 

calls.  (Reuters,  AFP) 


« =1 
- e - I 


INTERNATIONAL  RECRUITMENT 


Feed  the  children  (Europe) 
is  a British-based  emergency 
RELIEF  AGENCY. 


We  are  now  seeking 


1.  Excellent  command  of  English  and  French. 

2.  At  least  2 years’  experience  in  the  management  of  emergency 
relief  programmes,  preferably  in  Africa. 

3.  An  understanding  of  Issues  affecting  woman  and  children  In 
relief/development. 

4 .Good  financial  and  reporting  skills. 

Contact  length:  4-6  months. 

Salary:  UKP  18,000  per  annum  pro  rata  plus  accomodation,  local 
living  allowance.  Insurance,  paid  leave. 

PlftJSC  fax  your  CV  u-iLfi  a covering  teller  to 
Director  of  Programmes  f RWANDA!,  Feed  The  Children. 
44/734/588988. 

Interviews  will  take  place  In  London  or  Brussels. 


INFORMATION 

MANAGEMENT 

CONSULTANTS 


Temporary  Assignment  - Asia 


James  Martin  & Company,  an  internationally  recognized  lead- 
er in  information  technology  consulting,  has  immediate  opportu- 
nities for  talented,  innovative,  highly  motivated  professionals 
to  strengthen  the  Client  Management  expertise  of  our  Asian 
team,  and  the  overall  solution  delivery  in  a methodology/ 
CASE  environment 


Successful  candidates  should  have  a proven  track  record  in 
the  delivery  of  projects  in  the  above  skill  areas  as  well  as  in 


business  development  preferably  in  a large  consulting  firm. 

Based  out  of  our  Manila.  Philippines  location,  the  assignment 
may  be  in  Hong  Kong,  or  in  other  Asian  countries  for  a 9-15 
month  duration.  At  the  end  of  this  assignment  you  will  be 
relocated  back  to  the  U.S.  to  play  an  important  continuing 
role  in  James  Martin  & Co. 


PRESIDENT  AND  CEO 

AM1DEAST  is  seeking  a senior  executive,  reporting  to  the  Board  of 


AM1DEAST  is  seeking  a senior  executive,  reporting  to  the  Board  of 
Directors,  to  manage  the  organization's  education,  information, 
and  development  programs  and  to  lead  the  organization's 
fundraising.  business  development,  and  public  relations 
activities. 


Requirements  Include  extensive,  high-level  executive  experience, 
substantial  work  and  living  experience  In  the  Middle  Easl/Norlh 
Africa:  understanding  of  U.S.  government  grants  and  contract 
process:  experience  with  nonproQts.  and  supervision.  Gnancial 
and  budgeting  experience. 


To  npptp  please  submit  caver  letter  and  detailed  resume  to: 

Ms.  Helen  Hablbj, 

Executive  Secretary  to  the  Board 
AMEDEAST 

1100  Seventeenth  Street.  Wff 
Washington.  D.C.  20036 
or  Jo: 

Confidential  FAX  Mailbox  #503-721-5840  USA 


SQL.  Sybase.  ADW.  1EF,  4GLs,  Relational  Database.  CASE 
Tools/Methodology.  Client/Server  Technology,  and/or 
Powerbuilder  Instruction/DevelopmenL  Also  required  are 
project  management  experience,  and  excellent  presentation 
and  communication  skills.  Foreign  language  skills,  preferably 
an  Asian  language,  are  desirable. 


We  offer  a highly  competitive  compensation  and  benefits 
package.  For  immediate  consideration,  please  send  your 
resume  to:  James  Martin  & Company,  Requiting  Manager/ 
EHT-106, 2100  Reston  Parkway,  Suite  300,  Reston.  VA  22091, 
FAX#:  (703)715-4212.  An  Equal  Opportunity  Employer 
M/F/D/V. 


TAMES  MARTIN 

J— -&Co. 


GENERAL  ORECTOR 


US  Automotive  Distributor 
in  Central  Europe 
seeks 


Automotive  efctributton  experience  preferred. 
Responsible  tor  over  oil  operations 
of  ctefrfoutorshlp  & dealerships. 

Must  have  proven  management  credent! cSs. 

Fax  tetter  of  oppSccrtlon  & resume  to: 

U.S.  (313)  996-2624 


DIRECTOR  OF  MARKETING  EUROPE  FOR 
COMMUNICATION  OPERATING  SYSTEMS 
(OUTSIDE  PLANT) 

The  company  is  the  world  leader  in  electrical/electronic 
connection  devices. 

The  ideal  candidate  is  in  his  mid  30s  or  40s,  with  a minimum  of 
10  years  experience  in  Sales  & Marketing  or  Product 
Management  with  Telephone  operating  companies  and/or 
Telephone  contractors  (installation  and  maintenance). 
Fluent  in  English,  an  effective  communicator.  Knowledge  of  other 
European  languages  a plus. 

The  Director  of  Marketing  Europe  for  Communication  Operating 
Systems  may  be  based  in  most  of- the  major  European  countries. 
Please  send  your  CV  to:  Box  828,  IHT,  Via  Cassolo  6, 20122  Milan,  Italy 


Wffft  hi 


DYNAMIC  34,  BENCH  LADY  sooks 
oppartiswv  m Pom  bared  mufcno- 
head.  Fdf  European  franng.  Engfah. 
Spanish,  martetng,  int'l  Irode,  eco- 
nomics. buunra  -xhawronon.  Ew- 


opeon  low.  ConsHtw  (tense  (Excel/ 
Winwofd/Word  S|.  Extarnve  prewoux 
world  IrmI  m prewous  pbs.  Com- 


U.S.  Regional  Manager 


Reporting  to  the  International  Business  Director  you  will  be 
in  charge  of  sales  development,  customer  relations  and 
overall  management  for  a Mid-West  subsidiary  ot  a French 
company  The  candidate  must  have  10  years  of  operational 
and  sales  strategy  experience  in  the  service  industry.  The 
successful  individual  will  be  capable  of  developing  long 
term  relationships  with  customers  and  motivating  staff  at  all 
levels  English  mother  tongue  preferred  and  should  have 
some  knowledge  of  French  Salary  and  benefits 
commensurate  with  experience  and  ability. 


nunmtian  Foe By  m M l anworantni 
Goad  hump*  6 dademd.  IF  you 
company  hoi  a vneoney  faroieo#- 
Xxy/axnart  Wth  tuy  veMnAot 
Please  FAX;  In  I etesfted  IKT.  re 


EXECUTIVE 

AVAILABLE 


Box  N°  D436,  IHT 
92521  Neullly  Cedex,  France 


SALES  MANAGER 

for  our  office  it  Mojcow'9.  Petersberg. 
to  create  a mawrful  sates  network,  n 
CG  far  morfcehog  eppfatoa. 


EUROPEAN,  MD  with  MBA 


nOMOULMBA,  ID  yew  USA  e». 
penence.  financed  and  idundwi 


• S jnmzv  w*nenc*  in  managing 
IKtancf  SOWS 

» BA  OI  MBA  « Busmen  or  Martebng 
0 stotf  have  wwtenfl  knowteijc  of 

• Generous  bona  aid  profit  *qnng 
plat  for  dymiric  aw  res*  orienfed 

rfttfwduaL 


Fbenf  n Engfch,  French  and  Germcn, 
35.  married  io  Asian  with  2 bdv.  Si 
teas  of  wportence  ri  the  cfamooeu- 
led  industry  «h  3 yean  in  can  Alia  » 
looking  for  new  dxfange  in  marlafang 
or  gsnad  management  preferably  in 
Em>  Asa  but  iwgoiwfcte. 

Presently  baled  m south  East  Ain. 
Please  Fax  to  JF:  {2-21445  25  69 


cos  control 
72 


GENERAL  POSITIONS 
wanted 


GENERAL  POSITIONS 
AVAILABLE 


Fax  resume  Ur.  305-275*036  fUSAj. 


HOTEL  MANAGER  . 

is  required  to  roasage  pypwtt** 
in  Kb.  Mdfarcn  and  MerooL 


Umeniy  *0*5 
oawmftng,  hwi  & English 


Send  CV.toL.Bw  3732.011, 
92321  Ne««y  Cede*  Prow* 

(For  nUtrMW  purposm.) 


gyrrtfflVES  AVAILABLE 


ENGLISHMAN  in  London  or  Axis  «£ 
Me  die  Ml  ernriencSb  an  W"  & 


raORSSIONAL 

TH&MAKETMG 

Female  annuitant  |Gerwr(,  fluent 
German  & Engfch,  15  yeoij  experience 
m ffemcrtwng,  parser**!  and  W 
tamer  servo,  dams  to  butt 

Teleuiabefeig  farce  fee 


preferably  fe^xirSS^yhamburg 


Germany  or  other  European  cwjrtnas. 

Please  wfle  to  box  3736,  IXT, 
Friedridetr.  15, 1X60323  Frankfwt/Mian, 
Germany 


non  with  o ropunUe  ordanaefion, 
CanUB:  The  Adverts*-  PO  Bat 
3M4  PumajJ*a  25555  Kiimsi.  Te If 
facKS  5628604 


H.;  1 ;,'>:rli,'n;  ! ,'T  V,  V ’ M 


REEtANC  EXECUTIVE  {5W1HJ, 
finance  background,  srwid  ifafe. 


rawncc  Mwwwnim  — 

leodenhp.  brood  «jwfet»,  ■*»»■ 
hand  usagiMenfi,  w* 
pasty.  Phot  a ntoa  Bax  3737.  UtT, 
92521  Neu*y  Cedsx,  Franca. 


HJHNG  COORDINATOR  in  your 
country  a rcpresWtfrw  for  sx- 


a's.snCTsSTifi'’0 


1 awiedjMsH  w ; 3 
1 *,*.!  1 _.iwry %j-  j ni. 


Technical  Service  Company  to  be  Established  in  Japan 


Family-owned  manufacturing  company  with  production  of  machinery  for  the  automatic  vice  in  Japan  we  are  establishing  a subsidiary 

more  than  1000  employees  and  installations  packing  and  wrapping  of  consumer  goods.  In  in  the  city  ot  Hamamatsu,  and  are  in  need  of 

world-wide  has  the  highest  reputation  for  the  order  to  increase  our  technical  customer  ser-  an 


Assistant  General  Manager 


to  manage  day-to-day  operations  with  the  po- 
tential to  succeed  the  present  general  manager 
within  a few  years. 


After  an  initiation  period  of  several  months  in 
our  German  head  office,  he  will  move  to  Japan 
where  he  wifi  be  responsible  for  daily  activi- 
ties, including  customer  contact,  coordination 
of  process,  and  education  and  guidance  of  the 
Japanese  technicians. 


We  are  looking  for  a Japanese  mechanical  en- 
gineer of  about  35  - 45  years  of  age,  preferab- 
ly with  a working  knowledge  of  file  German 
language,  and  familiar  with  procedures  of  Ger- 
man companies.  His  professional  experience 


should  include  the  after-sales  service  of  high 
quality  machinery. 


ice  of  the  ||S1  52,*51i 

[ informatk 

Kienbaum  und  Partner 


Interested  candidates  are  invited  to  contact  our 
personnel  consultant,  Herr  Klaus  Raabe,  pho- 
ne 02261/7031 48.  or  send  a letter  of  appli- 
cation with  resume,  quoting  refjir.  864351 . to 
Kienbaum  Personalberatung,  Postfach  10  05 
52.  *51605  Guiiimetsliatrii/Getiiaiiy.  All 
information  will  be  held  in  strict  confidence- 


Internationale  Personal-  und  Unternehmensberater 

Gummersbach,  Diisseldorf,  Berlin.  Dresden.  Frankfurt/Main.  Hamburg.  Hannover.  Karlsruhe,  MOnchen,  Stuttgart; 
ZOrich,  Wien,  San  Francisco.  S3o  Paulo,  Johannesburg 


U»DTH3  MOX3NS  NATIONS  UNE3 


WiTED  NATIONS 


& 


The  WWF-World  Wide  Fund  for  Nature,  one  of  the  wortd's  largest  international 
conservation  organisations,  is  seeking  a 


wwf  DIRECTOR  FUND  RAISING 


Director,  Regional 
Office  tor  North 
America,  D-2 

New  Jerk,  New  York 


Based  in  the  organisation's  international  secretarial  near  Geneva.  Switzerland,  you  will  be  responsible 
for  formulating  and  implementing  fund  raising  plans  in  order  to  develop  financial  support,  from 
individuals,  trusts  and  foundations. 


Under  the  guidance  d the  Executive 
Director,  UNEP,  Incumbent  represents 
UNEP  and  Its  Executive  Director  In  the 
dtfferenr  fora  or  the  UN  Headquarre® 
malrualns  contacts  with  the  diffetenrllN 
bodtosJbcared  In  the  USA  and  Canada 
motnregrs  Dotson  wtih  the  govemmeno 
of  the  USA  and  Canada  KGO's, 
academic,  prtvare  secret  and  other 
entities  m the  two  countries;  provides 
Information  and  ortenrarton  about  the  ■ 
UNEP  ro  the  USA  and  the  Canadian 


Leading  a small  but  highly  motivated  Fund  Raising  team,  you  will  be  a vital  pan  of  the  organisation's 
top  management.  Regularly  interacting  with  the  programme  teams  and  Fund  Raising  departments 
within  the  different  National  Organisations  worldwide,  your  creativity,  dynamism  and  diplomacy  will 
serve  to  significantly  increase  membership  and  sponsors. 


authorities,  permanent  pepresenratives 
10  the  UN.  Nob's  In  the  region  and 


orher  bodies;  pantclpares  (n  the 
formulation  of  policy,  jrrareclc  ejection. 


To  fill  this  challenging  position  we  are  searching  fora  very  special  individual  with  at  least: 

• 10  years  top  management  experience 

• Proven  Marketing/Sales/PRJFund  Raising  skills 

• Fluent  English  and  French,  other  European  languages  an  advantage 

• Above  average  communication  and  leadership  skills 

• Top  class  references  and  contacts  throughout  Europe 

• A dedicated  commitment  to  conservation 


Conditions  are  in  line  with  the  organisation's  Swiss  policies  and  standards  and  reflect  the  importance 
of  the  position. 


Interested  candidates  should  apply  in  writing,  enclosing  a complete  CV 
and  references  to: 


experience  m national  odmtnaraflon 
and  In  diplomatic  negotiations. 
Famlllarlry  wirh  rhe  field  of 
environmental  concerns.  Candfctores 
wtti  te  level  untvedfy  degee  and  26 
years  of  experience  may  be 
considered.  Fluency  In  English  or 
Frentfs  working  knowledge  erf  airier  UN 
offida/  languages  destnabJe. 


FINDERS  SA^  Recruitment  Consultancy 
Escalicrs  du  Grand-Pom  5.  CH- 1003  Lausanne 
Fax:  (41-211 3/2  99  60  / TeL:  ( 41-21 1 312  99  S3 


Preference  vril  be  given  to  equally 
qooBfed  women  candnafes. 

Remuneration:  Depending  on 
professional  background  and 
egoetienoe,  annual  net  salary  from  U5 
; 538.405  (wltixxr  dependent  and  US 
196,344  (w)rh  dependenrs),  plus  a 
number  of  additional  benefta.  when 


ADMINISTRATIVE  SECRETARIAL  POSITIONS 


granr.  employer's  contribution  ro 
pension  fund.  6 weeks'  annual 
vacation  paid  home  leave  every  rwo 


years.  Closing  dare  for  receipr  of 
applications:  24  October  1994. 


Applications  wtih  ful  ajrrtaAm  vfrae. 
Jndudng  salary1  history,  bhh  dare  and 
nartondlry,  mould  be  senr  ro:  Ms. 


nartondlry,  mould  be  senr  ro:  Ms. 
Sumiyo  Sudo-Roo,  Office  of  Human 
teouras  AtenagemenUoaffl  6-2535, 
United  Notions,  Sew  York  NY  10017, 
USA.  FAX:  Q123  963  3134. 


I.  -i 


wn.  TAX  A LAW  FIRM  Engfah 
mother  tongue  bfennl  sensory. 
Working  papers.  FFlOjOW  noth  + 
-136HB  nwoV Tet  Bah  1-46  394028 


HUNffl  ARTIST/ ART  TEACHES  : 
periraf  aiders  Middv  Eat  & lea 
poo  M/BttfaAJS.  Tel  03)  93  01 4 


H£  OUAURffi,  SMART.  H- 

ajody  swla  secetorid  jcb  on 
•CH  HV1SM,  Moortath  sonri- 
4 femow.  Tefc  03}  93A1 J8J24 


bferaatioital 
Herald  Triboae 
ads  work 


™PH>ufand  Remiitmen* 


every  Thursday 

Contact  Ph%,Onxa 
TeL:  (33  1)46  37  93  36 
foe  1331)  46  37  93  70 
or  your  nearest  IKT  office 
orrepmsemalfea 


m 


^ lilr.v , 


*<»4 


:•  . '»•  •., 

fe,v...f.. 

■»  u. 

g»  l>f  : 

PMst-  *w*fr.» 


SragHE9«»H 

sosas  anriid  is* 
“s»2KS^"Hks 

*1™  EuTMeFBntff!| F ’£};3 

— s,  ss 

ABNAMROFoM* JaL™ 

$ LStajSSSSilJ-a  kmwwjm 

gasr^ast  "»=?«■  as 

2|™i5wf7F=ZZdm  SJZ 
iJIStea-vKS^  ,SK£ 


INTERNATIONAL  HERALD  TRIBIME,  THl’RSDAV.  OCTOBER  6,  1994 


0 For  5 OS  I USD  B (Cop». I 

4 ■{5B0n  J.KV  A iPiJi— :~v 

a Japan  jpr  B iCmi l 

2 fOrteC  FRF  B ICroi ec 

g i2l2!  *mert“  USD  A (Div)I 

5 b®*An«f|M  USO  B ICapli 

1 NartR  AmeneauSDA  rDivlS 


Page  9 


is 

sSffi?  » 


t Global  Huge 
{ GtabOlCHF- 


r Wobol  CHF—.  £«, 

{ Egt^nunwc S 


DG5 BANOURS PQpf 


Sat 

k’w  "Wv  ■ 


0/1  ft; 


»*!S  eSwFa  p£-  « 

* *JO  jnm  *»*_—•  . 

HiSs=P^ 

yfflSSffissxsars 

a Htefl  Lite  Fund Z~c, 


UW» 

■¥SBB ; 

f£sr=r=— ?** 

?S^=— ? 

guff**1"1”-  sf 

SSjSKfe 


w FnEtlh* " B Ecu 

iKtess  E^sh-cr^ris 
KflUgffT  ¥5S.9I3K!!v--sf 


PtT  INVESTMENT  FFM 
a Uvmntra  ■+  no  ri  -n 

!&&&&'  1M 

5J}?1 m&i! SfflESfS*?*1  »*»l*OE«BHT 
If  .JjW!  f«5  um>  Fan  : (B09)9tf  MB 

£.  J3  “ftr1??  c?8**01  corn__s  inn# 
2£jIH?££E,Srffince  Fa-J  wm? 

HC» MANAGES IJmn)  LTD104246 

S^wimUlid 


ADVERTISEMENT 

international  funds 

P-ncyoJ^C^Urffig.^,.^  H-ySS^SCStfSTSM 


Oct  5, 1994 


***  l ■*. 

'0  stf  fc  . „ . 
m « jL-w . . 
Si-.  _ 


i_  .. ,. . 

SI"  tfec  -.  p : 

Kfth  . . • ' 

f»  f*. 

I JW.5-.F  .. 
«RW:t  . 
&AV> 


9SI6& 

m Aloha  GU  Ai  TradpSs  sis 
®AW»  &3»l  Fd 
m Alpha  Hdn  ftj  Cl  ffSatij 
m Aloha  Hag  Fd  a BMU03I-S 
m A/Pha  HOg  Fd  Cl  C/Au?  Jill 

22KS  i lse,«Sfl0C  f**? »» j 

Lnffe  Amtr  (Auj  3T)  J 


in  Alpha  S/ionFd  IAik>  Til  » 

4&SSS&&M- 

Wags 

m WnsMnJnn  Fund/ Aug  ai_s 
mtet  Infl  Fd  fAus 
"5*n  inn  Fd  C£» 311 S 


! NT.  LTD 
.HMUBwmudo 


^^WJJMNT^^T^utWOUP 
S cl  Ffl § ill 

sS^a  ^ 

ySSjaiiroBaS^Z:  ; ’JS 

EE 

^JU®j«8LAS5FD»i5f  LtS"**“ 

SfisagBfcj  :ss 


B7HS7  9 Cfltftl  . 

109t«  d Inam^T^  < 

12&B3  ^’CTN^1NCd^tUh 

•p  NMn&mr 

S2JMM  o’ Ermltogg  later  Rai«S>nil^OM 

51 2A  w f rml  tape  5c Iz  Fund  a 

1«J7  w Ermltooe  Asian  drag*  Fd_J 
- w in5&2!  EuroHcdBf  Fit  _DM 
«0U7E  w Ermfiooe Croetnr  Apia  Fd— 1 

* x’gnnltpaeAmr  Hag  Fd— — s 


C ST  TeainaMpy  Fund  B Sh_I  HJll 

&T  MANAGEMENT  PLC  (M  71 71fl  « JH 
d S T.  Bwtechmtqllh  Fum}_s  joa* 

i S.T.DeolHJiRrtFwW s 1 1A 

d G.T.  Europe  Fund———}  mi 

•G.T.  Global  SmaM  Co  Fd I jnw 

d G.T.  Invssftrvnl  Fund S l&f] 

ng.t.  Kona  Fund  ..  I 4.17 

SfiinaissEadi  ss 

PB»etTO^Sri"il3 

gffisneag- — ^ ss 


btflwntWyimtortBightly  (*v«y t>™  wMluh  W-wSSSSnJtJ.twlMWMBdystml-  >MMidy. 


Klin;.. 


*^^,tb^SroWth  rjn° 

Ar^laSociates  ltd  1 

N Arroj  Amutam  Oecmt  Fd_i  urn 

"Arrnl  Fund t 2U3I 

9,79 

! !!MSSS^=d'F 

2^5  S «ian 

2 W'SBaWum— — BF  ia»lo 

d gBL  iwB  war  Eorf  v 

d BBC  Limit  Asia t haiS 

tfBBLImejt  Lotto  Amer % 44m 

- „ f-  y”F|||f  * 2jui 

d BBL  (LI  Im  GoMmfnns_— S UAM 


anager 


■3  an 

:FBF  TXIMIJn 

:MOM  S»»S 

ids  mu* 

LGhlTFUND^ 

Ml  72£SU  ^ 

J I lAI 

-*  Wl27 

j tin 


m 


Jrowtti  Fd-Y 

Fund S 

• Fund s 


$0  Fuad 

Fund 

ttx  Harp  Kang  F 

aggn ™ 


A-l  1 lay  i‘,M«  .r  yt : i:.:v  cCEEi  • 


!jjv S nu 

OWWJ-S  lS» 

BWIU  lion 

H Units  S iBffl 

“ umtu  msi 

■ 1 CL  AS  T2Un 

iSSi  ]u3u 

2 CL  Cl  182.141 

2 0.  DJ  T 01722 

InIN-l  180 177 

IB  Units s lump 

I « 43S.CS 

nd s sjjj) 

niFd.Y  9am 

i S 20J7 

nd_s  IU5 

S 127V 

S 12.15 

S 21 JS 

* 31J4 

1 TVJB 

: — — 1 STM 

-««*d-S  51979 

=^KS  S3. 

J A.I4S 

J 18.120 

- * 37J270 

Ofit—3  Ri] 

FdAJ  92.10 

Fd  BJ  . . *8 

■ — Ptrn  907SU0 

FF  . . 4101212 

— fF  ■ 40244 

a S 1L14 

a S __  1132 

EN  SU ISSE-GR  NEVA 

5F  7141 

SF  20444 


d^ti^SSW!!^95" 

d at  Invest  Selnctor- s 

2 “tajrniges  usdZHZj 

2 afjairrnicfei  dlm. dm 

d CmairrendesGBP E 

ffesSfUSfc^ 

2 r»£2n  £reoai  FF 

2 sflSSS  ^js*" — om 

g.^i^  s 

^ Sttoort  NaIb^w j 

g India  Focus  Fund. 1 

g^gJdAsRa.MiSRCZS 
iv  US  S Equities— S 

£ull&Mort>t ? 

rteseasg”" , 

n/ Compgst  Asio____s 
5F 

b WAM  Globa!  Hedge  Fd S 

ft  WAM  rntl  Bd  HmSb  fSz^J 

SBB5f5ga8ffEP  . 

COWEMASSETMAHAOEMENT 
Cogen  Enterprise  Fund  N.V. 

* Clan  A Shi s 

yCtosBStei..  ' i 

CHEmsiNVErrWNT  funds 

tf  CS  Pom  lac  DM  A.  n.1 

a a Pont  nc  dm  b___dm 

1 CS  Pom  Inc  t LI  re)  A/B Lit 

i 9 E?d!  ncSFBA  . tc 

dSPortf  ncSFRB SF 

d CS PorH  ncUSSA S 

d g Pom  Inc  Ussb s 

a CS  Pom  Bal  DM DM 

d a Part!  BojlFR *c 

d SPorifBoiuss j 

d a Pom  GfWdh  DM__DM 

tf  g Pom  Growth  us* s 

i 9 Money  Market  Fd  BEF  -BF 
rf  g Money  Mark«  Fd  CI—CS 
tf  a Money  AtoHiet  FO  DM—DM 
tf  a Money  Mortal  Fd  FF_FF 
tf  gMenv  Mortal  Fd  Ecu— Ecu 
i S{5™M/Man*tFdHFi-R 
rf  g Money  Markor  Fd  Lit— Lit 
d g Maaev  Mortwt  Fd  Pia— Pfoa 
d a Money  Martet  Fd  SFZjf 

d CS  Monev  Mnrtst  Fd  S S 

d g Manor  Martel  Fd  ym_y 

tf  B Money  Market  Fd  c c 

tf  gred}*  |a  gd  girwQ  M/cts-S 
a Crams  Eu  Fd  LatAmer— S 
tf  sjmb  Ea  MSmaH  Coo  EurDM 

JSMfissssr 


musam^ 

tf  Amwkm  Eqatfr  Fund j 24447 

CVEB^TCA^rAMIM)  29STJ300  12441 

FIDELITY  I NTT.  IHV.ServICCS  ILmJ3477 

d DtscMervFund s 20.TS 

d Far  East  Fund i gfcS 

tf  Fhl  Arner.  AfiMB .._ . c lVSJV 

d FM. Amor, Vaioet  IV _j  tlOSTXOO 

tf  Frontier  Fund s jtS 

tf  Gtaboi  rod  Fwit  « 

tf  Global  SelecSjn  Fund  -_s  2100 

0 New  Europe  Fund t 1407 

a orient 

tf  Soeelpi  Growtti  Fund s c72 

a WorW  Fund — - ^ 11471 

£ rwtat5S!jf*B,Sr  ^WwmotlUUMJSlII 
wDelto  Preniluiri  Cnra  e 1212X0 

ssaaKAuun he. 

EME"°  “■"* LTD 

a Aroentbiton  Invest  Co  SIcovS  27JB 

tf  Brazilian  invest  Co  Sleov_S  43S 

wCotombtan  Invest  Co  Slcov_$  isjo 

g GJSJEraMkts  UwCoStoavS  1U4 

d Indian  Invest  Co  Slaw,  . s jjaj 

tf  Loski  Amor  Extra  YlcUFdS  9xS>  • 

a Latin  America  income  Co— 1 »jt 

tf  UWIn  American  Invest  Co— S 1249 

tf  Mexican  invest  Co  Slcnv s 4S.19 

w Pemvron  invest  Co  Slcov  —S  RIO 

SgggBStr”, !£g 

mEJK  Ewrooe  13'  *mw.  . .t  10S 

/"FJiGEMGMKTfSlAuBU  1249 

01 FMG  O (31  Amui  « p 47 

mFMG  Fixed  QlAunl S 1004 

FX  CONCEPTi  (BERMUDA)  LTD 
w Concerts  Forex  Fund__ J 904 

GAIA  CURRENCY  HIHOS 

w Gala  Hedge  II S 134.12 

w Goto  Hedge  m 1 

W GAIA  F» — - » iTTfli 

n>Gak>  Gumtmieed  CJ.  I — s 0470 

m Gala  Guaranteed  CL  1 1 s tnfP 

Fax ; (352)4454  23 
BOND  PORTFOLIOS 

tf  DEM  Bond Dts5.1V DM  473 

tf  Dh#enionci_Dls2J2— _5F  3® 

rf  Dollar  Bond D Is  2.14 % Jc 

tf  European  Bd DIs  l.IO Ecu  tj* 

a French  Frcre^Ots  9^ZZff  1241 

tf  Global  Bond_Dts2JB5 S 745 

EQUITY  PORTFOLIOS 


d Euro  HM  Inc  Band. 
d Global  Equity——— 
tf  American  BH*  Chip, 
tf  Japan  ond  Poctflc — 

d Eunviniin 


GUINNESS  FLIGHT  INT L ACCUM  FD 

a DwHOwiurk  Money DM  VDJEU 

tf  US  Dollar  Money— ^—S  3&M4 

tf  US  CMiar  High  Yd  Bond._j  74.93 

d inrt  BaiancM&rtti j 3473 

n HosenWcrilw  Com  Inc 5 13075 

wHawmblchter  Dk _i  tSm 

AFFT  . e unmi 

<en*w 

wManainvest  Eunse ff  iMfta 

wMondhiyeat  Cnajance FF  134477 

w MandlnvestOpp  rones— _ff  17154* 

urMandtnvest  Emerg  Growth. FF  13S0.9J 

wMondl rives t Futures FF  mn 

HEPTAGON  FUND  NV  CSW-41S5SJ) 

r HogtoBonOLB  Fund 5 moo 

ro  Hewooon  CMO  Fund— S NA 
HERMES  ASSET  MANAGEMENT  LTD 
grmgo : 1(09)295  4000,  Lux : (3S2M04  4441 
rtnoJ  prices 

m Hermes  European  Fond Ecu  34174 

wHffffita  North  Amerkon  FdJ  rrm 

m Hermes  Asian  Fund s 399.74 

in  Hermes  Emerg  MkB  Fund_s  13570 

mHermesStrateeteoFund— s <*7.-1 

in  Hennes  Neutral  Find— s 11474 

m Hermes  Gtobal  Fund S uim 

mHennes  Bond  Ruvl-  Pm  173*75 

m Hermes  SlerflngFd t tSSS 

m Hermes  Gold  Fund s 435.14 

HUTZLER  BROKERAGE 

mPepasus  P.P.  PortTOUo s II 15 

'FJKSJlIoroUP,  LODaonJaxW-n  JOS  9172 

wlFDC  Japan  Fund Y 73SJSX) 

w inferoond  Fund —Ecu  1041155 

w Korea  Dynamic  Fund  - i 224103 

wMalocco  Dvnomlc  Fund 1 rmsj 

wMgrac  investment  Find FF  957120 

tNCOME  PARTNERS  (ASIA)  LIMITED 
w Aslan  Fixed  Income  Fd t 10*37 

s^^o^nStss^Vund  944 

l Bd  Royal,  L-3449  Luxxtnbouru 


I BSEftOW  STRATEGIES  FD  LTD  m „ 

M^Sife|ES5wiuffiTvSM«  (7J1 
niMaverlck  Find s 14772 

SMBSSWUB— 1 1 ,,1J0 

w Growth  Fd  N.V.  j KoS 

wgMSOttsnareFdN.v.— fi  10121 
w Euraoe  Growth  Fund  N.V.-FI  4U8 

w Japan  DtwmtiH  Fund s HJV 

w Leveraged  Cap  Hisld 5 tOM 

MERRILL  LYNCH 

tf  gollor  Assets  Portfolio s 1JM 

£ *W*j Portfolio— _s  HUM 

^gRILLlJNCHSHORT-TERM 
WORLO  tNCOME  PORTFOLIO 


I PRIVATE  ASSET  MGT  GAM  FUND  INC 
I GtWWMV.-Td:  10644  491)  72303  Fa*  :72MB 
NPrhrate  Asset  Mat  GAM  FdS  IDO, 

d Emerotoo  Hltn  Sc.  Trust— 7 34. 

wPutnofl)  Em.  Info.  Sc.  Trust  J 39. 

a Putnom  Gioo.  nigh  Growth  A 17. 

d Putnam  HtoB  inc.  GNMA  FtB  7. 

gPuhwm  inn  Fund X It 

WMlfTUM  GROUP  OF  FUNDS 


-»  Astm  Devttooroeni— _ 

6 «■  Emcrobw  Gnavtn  Fd  N_v_ 3 1117 

5 wQuonrum  Fund  « rmu 

0 w QtMHihim  Td-ffiT-  k S 10BA 

1 w Omnium  Red  tv  Trust. s 13*5 

a wCMamumUKReaHvFwid-7  igu 

9 wCMsar  inn  Fund  N.V-_3  isti 

4 * Guoto  FundtAV s 

. RE5Ef£T  PUMD  MANAGEMENT  LTD  WA 

0 W N*w  Kareo  Growth  Fd_5  «« 

U w Nova  Lot  Podfic  invCa s 53*51 

“■PodticArblfroseCo s ]JS 

mfti_  Country  Wnn  Fd 5 2*4J] 

1 d MUeatGUAmGrttiFa S 44921 

1 o Reueni  S*w  Bun  Grtn  Ivan 

tf  Regent  Gw  Inn  Grtti  id s 224U 

a Regent  GjM  jpp  snn  Fa— » Gffi 

g Rrgem  Gun  Poctt  Basin i 4*31- 

I g Resent  GfM  Reserve  — J 27021 

r |®lgg?SS!!!!=zS  iS 

s i«aawwt=i  *s 

m Regent  Pacific  Hdp  Fa s I27ak 

w Regent  Sri  Lanknfd-_i  ura 

i a UMyrol  AaTQlwgnSerjJ 

yi£Sre^*s>m5er'—*  iiaa 

gE%L^n„^LM~4 

w Republic  GAM S lie  pi 

rte^G^Sfc^  liS 

w Republic  GAM  Euraoe  uSSA  9*74 

Z GfWW  CHF  JF  10457 

w Reouwc  GAM  Growth  C—J  »w 

ias 

10^J 

wgepuMicGnseyE  urine DM  iSoi 

wReoublic  Lai  Am  Alloc S ic£h 

wReaubik:  Lot  Am  Argent S 9120 

w Rrouttk  Lot  Am  Brazil 5 lia» 

*88 

1 

^S-9i^5L*iR??prriam- n ' I » 2241224 

d TO  America  Fund ci  uoxn 

d RG  Europe  Fund  Cl  12540 

2 S£  iSm 

«g|25SK!aWkz=a  .ss 

w7h5ShPdToST?£^:’De, 

INPHOU5E  FUNDS  ' 

gea^wsapaj  m 

W Dalwa  LCF  Rothsch  Ea S 1039JE 

SiFSES^Tream,wCHF-SF  lwn" 

urLwmm.  * 2740*7 

p Pnequgv  Fd-Europe.  Ecu  1 1X776 
® Prttoufty  FtWietwtto__5F  1010B1 

n 1 148700 

b Prthnnrt  Fpnd  Fn.  \UM7 

b PrtPQncf  Fund  lwd  c 109Jn*a 

^gsaat'mtega  gfs 

twKdPi s=i  ’SIS 

^5feGRGU^K,DErUn 

tf  Aho/Jcwan  Emerg.  Growths  1778400 

w Esorlt  Eor  Prom  invTst-—  Ecu  132145 

w Earop Stratcg  Investm  <d_Ecu  10L549 

tf  P^cHlaFiSna-  * 

I Selection  Horizon FF  8155377 

b Ulctolra  Arlmr  J « tsfijJ, 

ROTHSCHILD  ASSET  MGMT  (CJ)  LTD 

m Namrad  Levnrooed  Hid s 144*4 

SAFDIEGHOUP/KEY  ADVISORS  LTD**44* 
m Key  Dlverslfled  Inc  Fd  Lto  1171192 

SANTANDER  HEW  WORLD  1NV. 

ntCammonoer  Fund S 18*740 

m Exatamr  Ruid  _ x 111003 

« FUN  DAM  ENT  A LV  ALUE  B VI  LTD 
Tel  5»  9 322000  Fax  519  V 322JHI 

mMAV.  » 1329  51 

fe^ISF^!“K,LDA 

O Europe  Ine  « n.V7 

0 Flarran Ostern  Inc j in 

tf  Global  Inc  - * { nS 

tf  laknmiidH  iwr  « a93 

tf  Vorhlen  Ine  . i 

rf  Mtoan  In r v onjo 

ggjte::  U 

s aEseffl.1* ; ?| 

?^fe,end,nt~s*t  »- 

tf  Eoutty  infl  Acc S 17JI7 

a Equity  Inti  (nc x qm 

a EouHv  Gtoiml  1 Ijj 

rf  Eoutty  Not  Resources S 1.42 

d Equity  Japan— .Y  iai  7* 


j'KRRILLLYNCHSHORT-TERM 
WOR^O  INCOME  PORTFOLIO 
a Qnet A.  « 

tf  Chnsfli j 

merrillTynch 

*iHcTD*'i‘?i5lS§fiICY  SMD  series 
AUSTRAUAH  DOLLAR  PORTFOUD 
ff  Efltegnry  A it 


CwSiSlAND 
tf  Cbteaorv  A. 
CO§P^AT^ 


OLLAR  PORTFOLIO 

— s 

HIGH  INCOME  FT FL 


S°r?!^*.T6  HtGf1  INCOME  PTFL 
rf  Si'!— — * 9JB 

P CUMS  A»? 1 bi£ 

a Sw  i 

g.ftSWWV H nu  1?aj 

s’asrss"  bom°  portfolio  (om>  .... 

tf  Class  A-2_J  i (ft£ 

rf  anss  B-ir  ? 

tf  Class  B-2  . ■■:  JfS 

f rS2?!^M  BCWt)  PORTFOLIO  (US5J 
a Lira  A-l . nu  n<n 

— P“  ”§ 

a class  B-?:  ■ ; s-jf 

roUND£rERUNGPORTPoLIO 

a apevory A , r kti 

tfCQteonrv  bT  l 


USD^RTORTFOU^ 
YeTTpob1?  folio  1 

2 cmeuno' A— _Y 

“UL/ncirRPENCY  BOND  PTFL 

tf  c^Sr  ? 

US  FEDERAL  SECURITIES  PTFL 
a Pass  A_  I 

tfCJnmH  j 

MERRILL  LYNCH 

p^/SRmiaF"" 

tf  Ckr.sE  77  " 

CONVERTIBLE  SECURITIES  PTFL 
tf  Class  A — « 

0 Class  B ” ■* 

GLjJBAL  ALLOCATION  PTFL  (USS) 
0 CIMB~  ~j 

GLOBAL  EQUITY  PORTFOLIO 
2 925  £ — s 

tf  Clan  B * 

EURO  EQUITY  PORTFOLIO 


tf  ASEAN 4 on 

d Alto  PnrifiT  t «S 

rf  Cantlnenhn  Euraoe Ecu  1 ji 

tf  DevrioolnoMnrVnH  ..  s iJJ 

tf  France — FF  10.14 

tf  ^tflUDnv. dm  579 

a Internationa! t 

tf  lnprm„  v 24760 

tf  North  Amur  ten.  s 7*5 

rf  Switzerland. 5F  HD 

diMia  Ktondam. 1 1* 

RESERVE  FUNDS 

tf  DEM PKUM  dm  A4Q2 

rfDolkff— Pis  2115.  . ,ji  ip 

rf  French  Frmr  FT  nm 

rf  Yen  Reserve y 288.9 

GEFINOR  FUNDS 

Lo«J(W:7W9941 71.Geneva:41-22  735  55  30 

w Scottish  World  Fund i *758474 

w State  SL  American S 34877 

I GENESEE  FUND  LW 

w (A)  Genesee  Baste i mo 

w IB)  Genesee  Short l MA2 

*•  !£}  Genesee  Opportunity  — S 1757) 

w |F)  Genesee  Non-Equltv S 135*7 

gF^R^N^0^- 

U AttWSLOouBhB.'  Of  Man  4*424^24037 


(C)  Genesee  Opportunity  Zs 
ifl  Genesee  Non- Equity S 


- „_-dlsEqFdSinuH 

tf  Crnfls  Ea  Fd  Smart  Cv 
iika  t 

tf  Credte  Karon  Fund s 

tf  CredNSmll+MidCapSwttzi5F 

imqsafiSL 

rf  g Euro  Blue  Ctlta*  S DM 

tf  g France  Fund  A ff 

rf  g France  Fond  B FF 

d g Germany  Fond  A —DM 

d Q Germany  Fund  B dm 

rf  CS  Gold  Mines  A j 

rf  ^SGTOdMtomB— % 

dgHtspoiio  Iberia  Fd  A Pto 
tf  gHmawKierio  FdB_Pta 

2 £5  !SP  E*-* — lii 

a g Italy  Fund  B ut 

d g Japan  Megatrend  SFR— 5 F 

rf  gjJgtnn  MMgtegidYeB-.Y 

rf  3T  Nofft4mi!rta»A— *" 

rf  CS  North-Americon  B 8 

I C5  Octio-Protec  A — OM 

! “Oehtf^ralKB OM 

I CSTToer  Fund  s 

f C5  UK  Fund  A i 

f CS  UK  Fund  B t 

i».xBfc==E 

[ Schwetzeralttlen —SF 

good  Votor  p - Mark DM 

t Band  Valor  Swt——SF 

I Band  Voter  IAS -Dollar I 

Bond  Volar  Yen Y 


|gM.L  I ANCK-CW  ED  IT  BANK-14 

iig 

S 

wpfflaSSffiS^SE^®-^  .5?-S 

wP  waft^tmerv. Ecu  185.10 

"'gWW*»jEWMMVe — SF  10834 

gS^lfSjOTt^DMAI^ERS  ^ 

ysgqfegj-:ilBOiB4iwi>.  ^ 

g »^f«t  — . — I s» 

iSSS 

gaste-  - 5 gs 

gaa— - _j  ^ 

d South  East  Asta s 34J  n 

JK5HSS!?i^2JJA*,CR5  umlardj  ltd 

(SIB  RECOGNIZED) 

W^«J^L^MNGKS  (IRELAND)  LTD 


KAlMVi 


w Japan  TeOmotogy. 
w Japan  Fund  — 


WGAMASfeAH  * 

W GAM  Austral  lo * 

w GAM  Boston i 

iv  GAM  Combined DM 

w GAM  Cross-Market S 

w GAM  Europeon J 

w GAM  France rc 

w GAM  Fnmc-vcL ic 

wGAMGAMCO— S 

WGAMHM  Ylekf S 

nr  GAM  East  Asio 1 

wGAM  Japan t 

? GAM  Money  MklS  USS S 

Do  Sterling C 

0 DO  Swiss  Errmr  «n= 

tf  Do  Dmflsehumark rm* 

rf  On  Yen — y 

IVUAM  ADoCOtBdM/tt-Fd J 

w GAM  Emero  Mkts  MRLFd  _* 

w GAM  Min-Europe  USS 5 

w GAM  Mill- Europe  DM—DM 

wGAM  MHKXobOl  USS S 

•v  GAM  MWMM  . % 

w GAM  Trading  DM— DM 

■1  GAM  TradMg  USS S 

VGAMIWmiu  x 

WOAM  PDctttC— _J 

w GAM  Relative  value S 

w GAM  Selretlnn  — f 

w GAM  Slngapare/Maknrila^S 

nr  GAM  SF  Special  Band SF 

w GAM  Tyche  _— _I 

* GAM  US. - . i 

wGAMut  lnvff*tmentu  % 
vfiAM  l/Hkm  . . 5 

H>  GAM  Whttmtmm  f 

nr  GAM  Worldwide —5 

nr  GAM  Bond  USS  Ortf I 

wGAM  Band  USS  Special s 

w GAM  Bond  SF SF 

w GAM  Band  Yen Y 

nr  GAM  Bond  DM DM 

wGAM  Band  c 1 


2,  Bd  Royof,  L-2449  Luxembouro 
w&gpeeSud  E Er*.  Bin 

«^^LTaPOfl2n'Jra' 

a Pioneer  NtoriietiJI x 474S 

tf  Global  Band « 

tf  OLasan  Global  Strategy s 17*900 

tf  AslaSuaerGrawfti-!—— s 27^0 

tf  NtoconwnrranlFuiWL— s 17100 

tf  Asia  Tiger  Warronl 5 5JHM 

% P^^?Sn1)K?^^ln,  Fl*’d  — 1 2MM 

tf  Gtd  N.W.  1994.  . « 904*0 

tf  Global  Leisure-  * VJM" 

PREMIER  SELECT  FUNDS 
rf  American  Growth —_s  ua 

i te’e^!cnn  Enterprise s SJHOfl 

rf  Asia  Tloer  Growth S ilirwo 

g Dolkx-  Reserve—  5 57100 

rf  European  Growth s 'vjassffl 

tf  European  Enterprise s 4J400 

rf  Nippon  Enterprise t B|»iin 

tf  Nippon  Growth I 5 Tim 

tf  UK  GrowttL—1 t 57200 

tf  Sterling  Rite  . ? MWU 

tf  North  American  warrant _s  4J40D 

tf  Greater  ChTOa  Opps J 8.1400 

1RI5H  UFE  INTL  Lht  (fax)  3SI-1-1M  TIB 


infernattenol  Couiious__s  100 

international  Batencnd I 1JH 

FUNDS  ,M 

5te«wSSM23  "W 

35Sieaa2=i  ffl 

d JF  G tobo foTOc*? r.  \ 

rf  JF  Honniennu  Turn  t 17^5 

tf  JF  Japan  5m.  Co  Tr. Y menn n 

tf  JF  Japan  Trust Y 1 177100 

tf  JFMolayskiTneu  t pn 

tf  JFPnrtrirlnf_Tr  « gJJ 

tf  JF  Thallond  Trust S 4134 


TW?«Sa^  C«S‘,,T  US>MJ  LT° 


iPuetqtA/BPka 


i^r 

IVenB Y 


wGAM  Trgdjnp  DiW—  _ . „ DM  1X41 

Trading  U5S S , 17077 

*rSW!2!!lS2“s * ' 14293 

WOAM  Pnctttc s 97488 

wgam  Relative  Value— J isu>9 

iv  GAM  Seleciinn — f SCiO 

wGAMSIngapare/Malavsla_S  790.45 

WGAM  SFSoeCtol  Band SF  129J5 

w GAM  Tvrhn  . » 359311 

■eCAMUJ.— — S 211.75 

wGAMut  Invr^tmentu  * B7D50 

vSAMVBlM  ■ ■ c 1242J 

WGAM  wtutmhnrn  f 19852 

w GAM  Woridwlda — s 47207 

WGAM  Band  USS  Ord S 14471 

wGAM  Band  USS  Stfecia S 18978 

WGAM  Bond  SF — SF  100.15 

w GAM  Band  Yen Y 1444400 

wGAMBondDM DM  11701 

W GAM  Bond  1 — - — I 135.33 

wGAM  [Special  Bond— £ 148.19 

ySAMUSwraet.USS, J W94Z 

w G5AM  Composite. s 334*0 

w Global  Strategic  A— _*  10055 

w Globa!  Strategic  B S 10050 

w European  Strategic  a 5 ubjw 

w European  Strategic  B * IMOt 

w Trading  Stentngte  A- S 10141 

w Trading  Strategic  B S I02J] 

w Emerg  MMs  Strategic  A S 1I3JD 

i CAM  104 1 Mondial SF  15949 

tf  GAM  (CHI  PacHlC SF  28905 

SEC  REGISTERED  FUNDS 

135  East  JTttl  Street JiY  1I»2271MW42M 

w GAM  Europe  f 8970 

WGAM  Global  — 5 13704 


Tel:  44434  ■ G 94  30 

w Gaveit  Man.  Futures 

w Gaveit  Man.  FuL  USS_ 

w Gave  ft  S Gear.  Curr 

wGovett  S GM  BaL  Hdge 
JULIUS  BAER  GROUP 


tf  Enuteaer  America 1 

tf  faulbaer  Europe SF 

tf  SFR-BAER— SF 

rf  5 foci. bar  — ..  cf 

g Sw»s*ar SF 

rf  Llnulborr  * 

rf  Europe  Band  Fwid— _Ecu 

d Dollar  Band  Fund— s 

d AuBre  Bond  Fund  *. 

tf  Sw|MBendF.p»t  CF 

d Convert  Bond  Fund— _SF 

tf  Euro  Slack  Fund Ecu 

rf  US  Slock  Fund.  . 1 

tf  Pacific  Stock  Fund — 1 

tf  Swiss  Slock  Fund  sc 

tf  Special  Swiss  5 >oc*. SF 

tf  Japan  Slock  Fund  v 

2 5**Tnan.5toch_Fwitf. DM 

tf  Korean  Slack  Fund  4 

a Swiss  Franc  Cosh OF 

a dm  Cosh  Fund dm 

tf  ECU  Cash  Fund Ecu 

tf  Sterling  Casn  f.h  r 

tf  DMInr  bwi  Fmd  » 

tf  French  Franc  Cash FF 

•SYASSET  MANAGEMENT  INC 
m Key  Asia  Holdings 
m Key  Global  Hedge— _I 


EURO  EQUITY  PORTFOLIO 

tf  Class  A « ub 

tf  rims  R I jS 

LATIN  AMERiCA  PORTFOUO 

ga^fir---  i 

PACIFIC  EQUITY  PORTFOLIO 

tf  Class  A i 9 74 

if  gnat  B « in 

WORLD  NATURAL  RESOURCES  PTFL 

gCtaBA 5 ,114 

rf  ciftw  r k iijn 

DRAGON  PORTFOLIO 

dS^S * 1723 

a uon  a _ k 17  in 

jyfEL'y-  Lr'*CH  LMERBino  MARKETS 

dCiraA S 1207 

tf  Class  B i?tu 

MERRILL  LYNCH  INC  I PORTFOUO 

* 1»4 

g Cl“  B — — — 5 8.7* 

rf  LKCTS  r 1 H 74 

****}£,  HJKBJ RRICM IMG  PORT 

rf  Mexlciki  InctPtfla  A J 974 

rf  Mexican  Inc SPtfl  a b__s  974 

tf  Mexican  Inc  Peso  Pill  a A 3 854 

tf  Mexican  nc  Peso  PM  OBJ  ea 

MOMENTUM  ASSET  MANAGEMENT 
w M5™25,m  jjtfyWHer  Pert  j »L12 

m Momentum  Rainbow  Fd__!  mu 

m Momentum  RxR  a 11  * 7977 

m Momentum  Steckmosier 1 15952 

MORVALVONWILLEH  ASSET  MGT  Ce 
w Wilier  Jtxian  y 2175D 

w Wilier  South  East  Asia—  s 75a 

w WDler  Telecom s it  1* 

wWUferiunos-wmfn-txYKl  Cool  1559 

wWlllerfunds-Wllleraq  Italy  _LH  1309800 

m World  Bond  Fund— Ecu  12*8 

m European  Equlttes^— Ecu  1449 
nt  Japanese  Eoultles  V n) 

m Emerging  Markets i 2321 

mton  finhaneement— s 927 

"tArbUruge , 9.93 

NtCNOLAtAPP LEGATE  CAPITAL  MGT11* 
rf  NA  StroteBlcOpcortunliiess  uwl8d 

wNA  Flexible  Growth  Fd % 14L41 


tf  Equity  Nordic 

tf  Equity  UJC._ L 1 « 

a Equity  Continental  Europe  J 1* 

tf  Soolty  Meoitemmeon j 091 

tf  Equity  North  America— I 201 

tf  Eoutty  Far  East I iji 

rf  Jh«  ErnwglnB  Adarkets 1 153 

tf  Band  Inn  Are  * IMS 

2 2222  {?""*“ * t!*i 

rf  Bond  E grace  Are  _ v |u 

rf  Bond  Europe  Inc . « 1 jl 

rf  Bond  Sweden  acc Seh  iuo 

rf  Band  Sweden  Inc— — _Sefc  1D22 

2 S°"g  3§**  Aec___DM  T3S 

tf  Bond  DEM  Ine nu  0.93 

tf  Band  Dollar  US  Acc— s ljB 

0 Bond  Dollar  US  Inc. S in* 

tf  Curr.  US  Dollar  * 158 

tf  Curr.  Swedisn  Kroner  — _Ssk  1240 

« ME  RALE  GROUP 

•Sff&a&r y ^ 

wSGFAMSfrat  Fd  Dlv JF  Mm 

wSGFAM Strot  Fd  Fin S lDli 

50GELUX  FUND  ISF) 

WSFBondsALlijk S 1555 

rlrn°^r  jOT1Kn>Y ~SS*  3,  W 

wSF  Bonds  C France— FF  134*3 

W SF  Bonds  E GJL— [ {lS> 

wSF  Bonds  F Jopop— Y 2341 

w 5F  Bonds  G Evoae Ecu  1722 

w|F  Bands  H World  WMe—S  huh 

w$F  Bona  I Italy LH  2M91JJ0 

WSF  Bento  J BeteCmZL— BF  MlS 

w SF  Ea.  K Narifl  America S 1751 

w SF  Eo.  L W-Europe Ecu  1559 

wSF  Eq.  M Pacific  Basin— 1541 
"’rf  GrawJh  CountrtesS  18*0 

w SFEaQ  Gold  Mines S 3052 

wSF  E a.  R World  Wide 2 1559 

w 5F  snort  Terms  France— _ff  1742143 

wSF  Short  Term  T Ew Ecu  14S 

S|tt5Mte=S  ]gS 

“’SAJJOppOriw.Uy S 136.14 

wSAMCteocie- S 11721 

wSAM  Strategy 5 115.79 

rftAlphaSAM '«  |g£ 

w GSAM  Composite S rvu 

SR  GLOBAL  BOND  ACCUMULATOR  INC 
in  arm  a « loam 

mCkm  B _j  kxldo 

SR  GLOBAL  BOND  FUND  INC 

mClnw  A « 1D8en 

/nCiaSfl s loaoo 

SR  GLOBAL  FUND  LTD 

»SR  European— t iqij7 

m SR  Asian — — s 107M 

^NSypS^LSHANKEN  SJL  W" 

w Svenska  SeL  Fd  Amcr  Sh S 1558 

w SyenrtaSeLFd  Germany —S  1055 


wGAM  Internet  tonal 

wGAM  North  Amerlco S 9023 

wGAMPnrilte  HmHi  e 19327 

IRISH  REGISTERED  UCITS 
*5*S,Lm*r  Mtotof  SUJuWto  225>l  -476060 

w GAM  Asln  I nr  v 1DOOO 

w GAM  Eurapa  Acc— DM  127.13 

w &AM  or  lent  Acc DM  15830 

WGAM  Tokyo  Acc DM  17427 

W GAM  TaM  Bond  DM  ACC-DM  104X2 

S&L LT1^ 
gS^fflL^E^1^2^180 

w JA)  Orighnl  uwcslraail — S 9849 

|p JMfcd  iS? 

: £ ?Sfssa=z=i  issr 

w|J)  DbersMed  Risk  Adi s 11753 

'as 

wJWH  WORLDWIDE  FUND  J 1724 

GLOBAL  FUTURES  & OPTIONS  SICAV 

^FLFD^A^HFa^F 


w Matavslo  & Stegcpm— * 

wOcteausFund— S 

w Pacific  Fund  « 

w International  Band— 

w Eurona  Fund 5 

*"  H"*1?  *"""  « 

wTrMar  Warrort s 

w Global  Emerpteo  mhs s 

w Latin  America S 

w Currency  Fund— — JS 
w Currency  Fund  Monoged—S 


-'Koroa  Fund- 

wBartea  Emerg  World  Ftf. — 5 1-M9 

BDO  GROUP  OF  FUNDS 

WBOD  USS  Cash  Fund S SI  1455 

w BOD  Eco  Cosh  Fund. Ecu  *19721 

WBDD  Swiss  Franc  Cosh SF  519491 

w BDO  Inf.  Bond  Fu«HJ5S — I 5141.7* 

w BDO  Int.  Bond  Fund-Ecu„ECU  M0481 
w BDD  N American  EaAty  Fd*  494L4V 
w BDO  European  EquttyFundEar  582729 
mBOD  Asten  Eauitr  Fund — | 149821 

m BOD  US  Sami  cap  Fond  _i  1053.17 

in  BDO  Japan  Fd.  ...  i 98259 


■■  r ' ' " 
UV  r 


mBOD  ErrwreiacMkts  Ffl — s 
w Euroflnandero  Fixed  Inc — FF 

w Eurnfln  MuttKy  Bd  Fd FF 

BCLINVEST  MOMT  (GSY)  LTD 

w BriWiYMt- Brazil S 

w Befinvat-Glabai s 

w BeHavesFl  steel s 

wBaUnvest-Multteond S 

w Bal  Invest -Superior S 

BNP  LUXEMBOURG 
INTER  CASH 

1 FroncJ=RF— ...  FF 

I inter  Cash  DM DM 

t Infer  Cash  Ecu -Ecu 

t Inter  c5h  GBP c 

1 inter  Cash  USD -I 

f inter  Cash  Yen_— —Y 

INTER  MULTI  INVESTMENT 


S_  ,141259 
SF  18331340 
DM  299DJU 
S_  1344.11 
FF  1479BXV 
ECU  IT9SJ4 


w Eurode  *1  turd s 

w EonwtfaCenhe—  ■ - -DM 

sfea ?mmt= r 

^ rUMyil  . « 

rf  Eurosee  ECU  BIGnl Ecu 

s wo  s m s 

ssssistiBac=L 


A DM 

B DM 


d CS  Swtai  Franc  Band 
tf  CS  Fiimmil 


m Kev  Global  Hedoe s 25im 

lei  PACIfS'/SSet1  MANAGEMENT  INC1” 

S,.SId^K^-yLW-j  "* 

ft  nss 

ft  loti  Guorameed  Fund_ 5 137122 

LEt^JM^arHERS  (Wlt/M  177t'B 

tf  Alton  Dragon  Pori  NV  A 5 1831 

tf  Aslan  Dragon  Port  NV  B S 1029 

tf  Gtobo  Arfvteor*  1 1 NV  A S iSS 

rf  Otoba  Advboroll  NV  B % 10X4 

rf  GIMW  ArfWsnrs  Port  NV  AJ  I0J9 

a Gtebai  Advisors  Perl  NV  B-S  10J1 

tf  Lenman Cur  Atfv.  A/B S 70 

d Natural  Resources  NVA i 

d Natural  Resources  NVB S 

^^T^(^{isr3Ssri¥-MK 

w Java  Puna-  * 973 

wAlean  Fixed  Inc  Fd— s bx3 

w DR  Money  Market  Fd S 1255 

w USD  Money  Market  Fd S 1054 

w Indonesian  Growth  Fd. s 2172 

w Aslan  Growth  Fund, 5 10.75 

w Aston  warrant  Fund S 551 

LLOYD  QEORCe  MNGMT  (8S2)  845  44SS 

w Antenna  Fund S 1U0 

•kLG  A^’^rnoftcr  Cm  Fd_^ I 19J302 

wLG  India  Rind  ) m T 17.12 

w LG  Japan  Fd — ... _s  injns 

w LG  Korea  Fd  Pic * 1197 

y-.OYW  BANK  INTL  (BAHAMAS!  LM  , 
wLkhrds  Aunertaas  Portfollo_S  9X9 


NCU4  URAmTLtH  O NG  KONG)  LTD  ,31-' 

URTBMeMr3  ,aj 

mBCL  USD » J1<J 

rnBCL  DEM dm  RAJ  j 

mBCL  CHF 

mBCLFRF FF  43»l 

WBCLJPY.  Y B2495J 

OBEY  ASSET  MANAGEMENT  LTD 
5 Grosvenor  SILxki  WIX  9FEX+7T-499299B 
tf  Odey  European, — — _dm  1243 

woaey  European _S  1325 

wOdevEUTOp  Growth  Inc DM  I3SJ 

iSmnuMiM  “ 

^sy^B-nnuM 


wOhrmplaSecurile  SF 5F 

wOhmylg  Stars  Emerg  MUDS 

"'!H,19!-Sofli:TnD,w* * 

w Winch.  Frontier  t 

* ffi!"*?-  E“l-  otvmplp  Star  _J 
w Winch.  Gl  sec  Inc  PI  (A)_ _3 

w wnntfL  gi  sec  me  Pi  (Cl s 

m Winch.  Global  Healthcare— Ecu 
w winch  Hiag  mn  MadbH>_Ecu 

wwhwi.  HUB  mn  Ser  0 ecu 

wWjndLHkte  Inn  Ser  fZHEcu 

"'Hia-  so* ***** 

w Which.  Reser-MultL  Gv  Bd-S 

OPP^WEUWERBCO.  INC  Fdt 

ft  Arijttroge  international S 

ft  Emerg  MMs  mn  11 j 

5 OpywsitHfc1  Ftf-FIxetf  IncJDM 


Fd-FIxed  IncJDM 
ftOpltaesJ  GttM  FdJSen  Sub  F.OM 
OPTIMA  FUND  MANAGEMENT 


>v  Optima  Fund S 17  94 

w Optima  Futures  Fund J 17X3 

w 0«  mo  Global  Fund j 1440 


w Pnynttsai ioas  inti  invest  _ s 

wTotecam  Invest 5 

INTER  OPTIMUM 

w irtertwnd  USD * 

■r  BE  F/LUF — B 

- wMuttktevUes  DM— D 

wUSD 1 

WFRF F 

intersFRategie  ‘ 


w IK)  mn  Currency  a Bond 
wlLI  Global  Flnandol  — 


GOLDMAN  SACifi 
wGS  Ml  Rate  Marl.  Fd  II 
mg  Global  Currency 


1 w GSWorid  income  Fund— s 923 

1 GS  EQUITY  FUNDS  SICAV 

w GS  Euro  Small  Cap  Pori .DM  95.91 

wG|GjptalE*»iry__ S 1122 

w G5  US  Cap  Growth  Pon. i 10X3 

wGS  US  Small  Cap  Port _^_S  10.17 

IV  BS  Asia  Porttoita S 1L35 

GOTTEX  FUND  MANAGEMENT 

wG  Swoo  Fund Ed)  1145.19 

ooanite  capital  intl  group 
wGronhe  Cqpflpl  Equity- — s 0.9S13 

tf  GT  ftae^  Fg  A Shof^ _1 


"llli  IDIUWMfOJ  UQ 

obS^eS'  ltoEici)  C,E  ■'°"OUP 
rf  MuHteurrangy e 

ggassfe iT 

1 Hfwtsave  AAartc DM 

rf  Dutch  Florin FI 

5 PX^g*  Cunwctas Ecu 

tf  Swiss  Franc SF 

2 US  Dpltar  Shari  Term s 

2 PTJ:lr'1>£urr DMd  Pay Ecu 

tf  Swiss  Muttlairrencv— SF 

if3ggt£EZ=&  ii 

rf  Coowtlbte ,s  1 

tf  French  Franc- FF  1: 

g |<itfss  MuiiFOivIdBna SF 

rf  5wtg  Franc  Short-Term SF  II 

rf  Canadian  Dollar CJ  1 

tf  Dutch  Florin  Multi — Fi  1 

tf  Swiss  Franc  Divio  Pov sf  1 

2 SftPflMHQ*. Dlv- — CS  1 

a Mediterranean  Curr  SF  I 

rf  Convertibles. «=c 

Yiart  Term  —DM  1 

MAGNUM  FUNDS  me  of  Man 
Tit  44-424  4M  3H  FnAMHaM  134 

w Magnum  Fund s 9 

w Magnum  Multi-Fund S 9 

w Magnum  Emero  Growltl  FdS  9 

wMAgawn  Agarei  Grwth  FdS  9 

MALABAR  eff  _I*GMT  t Bermuda)  LTD, 

mMaktear  inn  Fund s 1 

MANIKTERNATIONAL  FUTURES 

mMInt  Limited  - Ordinary S 41 

ffiMtoi  umitea-  income  9 1: 


w Qprima  Pericuki  Fd  Ltd. 1 

w Optima  Short  Fund S 

w The  Ptettmxn  Fd  Ltd s 

ORBITEX  GROUP  OF  FUNDS 

tf  Orbltex  Asia  Poe  Fd 1 

2 Tech  Fds 

rf  Qfhliex  Growth  fh  1 

d Ortttex  Health  8 Envlr  FdJ 

d OrM le*  Janvi  Small  Cap  FdJ 
tf  Ortittex  Natural  Res  Fd— CS 
P ACTUAL 

d E term  tv  Fund  Ltd s 

rf  Inflnllv  Fund  Ltd s 

rf  Navasfor  Fund s 

S^SSJSS^1-— > 1 

w Luxor — t 

tf  Porvew  USA  B S 

tf  PorvMt  Japan  B Y 

tf  Parvest  Asia  Podf  B $ 

tf  Parvest  Europe  B— Ecu 

tf  Parvest  Holland  B fi 

tf  Parvest  France  B— _FF 
rf  Parvest  Germany  B— DM 
d Parvest OWLDoltorB^rj 
rf  POrvesI  OBU-DM  B__— _J3M 

tf  Pov«t  Obi  (-Yea  B Y 

rf  Parvest  OMI-Gulden  B FI 

rf  Parvest  OMFFranc  B FF 

tf  Porvast  OWLBeiux  B- .LF 

d Poryesl  S-T  Dollar  B s 

rf  Parvest  S-T  Europe  B Ecu 

rf  Parvest  5-t  dem  b dm 

tf  Parvest  s-T  frf  b ff 

d Parvest  S-T  Bel  Plus  a ur 

tf  Parvest  Global  B LF 

tf  Parvest  Ini  BondB ] 

tf  Poxvest  oan-Lira  B_ ,Lh 

rf  Parvest  tot  Equities  B s 

rf  Parvest  UK  B._ r 

a Parvest  USD  Plus  B s 

d Parvest  5-T  Chf  b SF 

d Parvest  QbH-Canoda  B cs 

tf  FterveslOblFDKK  B DKK 

PERMAL  GROUP 


tf  SBC  GU-Ptfl  USS  Bal  A/B  J 99754 

4 2 EmeroliS Markets S 123J22 

jKSswssn&f  jui? 

1 fiEBpsasfcdr  kbs 

rf  * MUO 

u d Anglo  Vo  Igr c 207  *A 

'■  tf  AUoPwttaUo J mS 

tf  CcfTvml  Bond  selection SF  imur 

g D^fWfcBondSelrotteq DM  liuS 

1 0 panar  Band  seuefwn 5 13*53 

tf  Efti  Bond  Selection —Ecu  sfe 

° Hy.1"  Nptet  Selection FI  11E3T 

tf  France  Valor-. ff  ihixt 

rf  rSHSSEHS!" DM  49JX7 

rf  GoMPurHoHo — * 4I1 73 

It  Ibertovnlar  c*„  s*ja*M 

d ItqtVotar^l"  Ut  4578074* 

tf  JnponPnrmina  v 20U1DD 

tf  Sftruns  Bona  Seieci  ion 2 11075 

gsaaag**8*^  %% 

,§ss 

a Yen  Bona  Sateciion y uJSS 

J^E^OWGLOML  STRATEGY  SICAV 

“ Growth  C A s 115* 

tf  G total  Growtti  ci  B-  - - 4 inj* 

tf  Dm  Woeot  Growtti dm  1199 

d anwier  CompanteTi  a»j  jjk 

ff  Smotldr  Comoanies  a B S laS 

g Jntrtatr.  £ CemmunlcgllaiLS  5jq 

rf  Pan-American  a a s i*w 

tf  PoivAmciTcnnCia s lffS 

tf  Eurnaenn . Sf  in*i 

2 Par  East— » 1S54 

tf  Chino  Ggfetwy— 5 9jB 

2 guTtoifJ  Marvels  Cl  A 8 Hoe 

tf  Emaroing  Mamets  Cl  B s 18U 

rf  GioaoiimimAi  * f on 

0 Global  ConwnKUe 1 1017 

rf  Global  Batoncxd S 1824 

tf  Global  income  ci  A s nxo 

tf  Gtobol  Income  a B S mis 

rf  dm  G local  Bona ON\  10J5 

tf  Yen  Global  Bond Y 99551 

tf  EmeroMkis  Fix  JncCI  A— 5 |i« 

tf  EmpgMktsFUlncCIB— J 10J2 

a US  Govern  mem  c 911 

tf  Hovn.  ce  ir.fr* 

tf  UStLlauld  Reserve laS 
tfj DEM  Lkiuld  Resrve DM  1BJD 

GTOWTMTORTFOUO  INVEST*“,,TS 

a Class  A- 1- 5 tui 

tfCtassA-anr.  i it** 

tf  Class  *-3 1 |«  11 

tf  Cte  B-l S 

rf  Class  0-7. 1 IT  iA 

INCOME  PORTFOLIO 

rf  OaS3  A * 9 *n 

rf  Class  B 5 9 m 

THORNTON  INVESTMENT  MOMT  LTD 

52S71,  EC4R 1AX  071 2,4  3000 

rf  Pocit  tnvfFd  SA  l r 144* 

rf  PocH  Invl  FO  SA  DM—DM  1**5 

rf  Eastern  Crusader  Fond } 1455 

rf  Thor.  Lliti  Dragons  Fd  Ltd  J Qja 

a ThoratenOrtBdf  inc  Fa  Lias  fgm 

0 Tnoniion  Tiger  Fd  Ltd s 5101 

d Manooed  Selection l 2?m 

w Jnhnnn « t*2 

rf  Korea 1 ie*5 

NEW  TIGER  SEL.  FUND  ,R“ 

2 Kon> 1 51.99 

0 j™*  * 17*7 

r xnrnn  ‘ ”£ 

rf  Pnllteolnes — « 77 VJ 

rf  Thcllmvi  i 

tf  MalorslanZ  s iJj, 

tf  Indonesia. s b3i 

tf  U5S  umiiairv j ioU 

a china t U«4 

Tt^NTON  TAIWAN  FUND-1 

gfsiKs— — t \tn 

d Liquidity i JnS 

UEBTR5EEBANK  Zorich 
g 8-Fund SF  117*59 

dE-Fbfld ..  .SF  544*1 

a J - Fund SF  357JB 

g UBZ  Euro- Income  Fund SF  10.1a 

g H5?  World  income  Fund  —Ecu  1283 

2 mK  S0*8  F*g0  ■ ■— S 13455 

tf  UBZ  Nippon  Convert — SF  1171JB 

d Asia  Growth  Convert  SFR  _5F  118554 

tf  Ada  Growth  Convert  USS— S mus 

tf  UK  DM -Bond  Fund OM  99*0 

d UB2  D-  Fitfiri  n«  Ido* 

2 H5?  Fund SF  10755 

tf  UB2  Amorteon  Ea  Fund s 9X38 

g UBZJ- Bond  Fund— _I  vi* 5 

tf  UBZ  Southeast  Asia  td—S  161X7 

wBecktnveot s 143951 J 

i»  Bruclnvest S 118121' 

w D1nlutiires._.  * 103128  z 

wmnvrfu.  : igys; 

wDtnvestAslaS_ 1 irpytl* 

wDlnvest  Gold  a Metals — s 1D2BX4  z 

w Din  vest  India S 954X1 1 

wDlnvvsl  Intl  Fix  Inc  Ural— S BS2.14  t 

w JOB  Invest- — . 9 19785*; 

w Mamhivesi  — — — — ji  9*922  z 

wMartlnvesi  « lSJj9  J 

w Mnurhivesi  _ _ , « 354451. 

w Maurlnvest  Cornlnoled s 9fllUec 

■vMaurinvest  Ecu Ecu  147751  z 

fpulvw  « In**  -H  v 

■ ftilwivJ.  s 1 70x5  Z 

w Quant  Invest— 1 348927  z 

wQuanitavest  9] 8 134929- 

w Stein  Invest  _ » jjnooi  £ 

SI'S™, I *iSKS 

SSH^fflsfflHrr . 

wUBAMDEM^ond— !ZIdm  1IL«I 

w UBAM  Eitwrolng  Growth  _5  0092*1 

WUBAM  FRF  Band Iff  sSaWi 

w UBAM  Germany  -HZZlOM  07X5*  z 

wUBAM  Gtebal  Band Ecu  439JQ- 

w UBAM  Jmw  . v 9141*  = 

w UBAM  Sterling  Band-ZHi  94251 

w UBAM  Sfh  PocH  A Asia S 31122  X 

wUBAM  US  Equities _HZs  U**9*i 

UNION  BANK  OF  SWITZER  LAN  D/I  NTRAO 


S Band- invest 

Brit- invest 

d Canoe. — 

g Omtert- invest, 
tf  D-Mark- Invest- 

tf  Dollar- Invest 

rf  Enerale-lnvest . 

tf  Esnnr 

rf  Eurlt — 


tf  Fronett 

a 

tf  Gnte-lnwwl_ 
d Gulden-  Inmil 
d HWwIIiumI-  . 

tf  HoHantf.  invest 

d nag- - 

tf  Japan-lnwo 
tf  Podtic-invesi 

d SkwyflnavW  invest— 

jg’WSaSaiz: 

SBBSv5651 

lu.Sfi?ii?isssz 


- -JSeLFd  nrtBdShJ 
wSvenska  SeL  Fd  Intl  Sh__s 

wtventta  SeL  Fd  Japan Y 

wSvtnsko  SeL  Pd  Mltl-Mkt— Sefc 
'rSwrakaSelFdNonfic SEK 


d Par  East  USD  A IWv)— -J 


CREDIT  COMMERCIAL  DE  FRANCE 

5 Etwees  MnneWre FF  9134921 

3 Sam  Adicash  USD  B — _S  1)17X7 

CU&ITORPUHD 

d Cunffar  East  Aslan  Ea S HVXQ 

tf  CunltorGMBdOppert s 9S27 

rf  Cunlftr.Gtel  Gwttl  Sub-Fd5  9957 

DARIER  HBNTSCH  GROUP 
Tel  4122  7%  M3? 

d Hentsch  Treasury  Fd SF  9134X8 

tf  OH  Motor  Markets  Fund— JF  SW1J3 
tf  OH  Mandarin  Portfolio SF  W72i® 

tf  Samurai  Portia! lo SF  29950 

DISCOUNT  BANK  GROUP 

w Euroval  Equity.  ■ Ecu  124457 

wN.  America  Eoutty s imm 

w Pacific  Equity S I379J0 

w Ddval  Bond Jl  114158 

wMidtiarr.  Bond SF  I3a» 

w Multicurrency  Band FF  447872 

m MuttiaxYetiCY  Bwxt  ...PM  9J1J3 

K BF-  Befetan  FhmoK  ra- CanatfenD^s; 


yg&s^p'SA^sSSs-i 

tf  GT  Hats  KajgWS  Shares* 


™ w GT  JapOTC  StOCbFtf  A StiS 

w :gjjSSSSp.FA^!!S 

!ul«  i ^teScBdFdASh-i 

1ft*  tf  GT  Strategic  Bd  Fd  B 54l S 

mn  rf  GT  Teteoomm.  Fd  a Shores! 
mji  d GI  leiecomm.  Fd  B SkztcsS 
wlJS  r GT  TeChnolbDv  Fund  A 5t1_S 


SES2RSS2;??' 

angepot?  mjmto;  ¥ ; 


-.PrBkWei 


i;  ECU- European  I 
-YBtiiB-asted+- 


mMInt  gtd  Lta  - 5nec  Issue 5 ?*nT 

mMbij  Gtd  Ltd-  Nev  3B02 S 71  n* 

i dl/Mnr  Gtd  Ud  - D*c  1994 S 17J1 

mMInt  GW  LM  - Aue  1995^3  1451 

— * ^-37 

mMInt  Gid  Currencies S *23 

ntMini  Gtd  CurrendesSoiZx  Ate 

WMIntGQL  Fin  B03 I 42D 

mMim  Phg  Gtd  7WH  * 959 

mADiena  GW  Future-..  j jjm 

ro  Athena  gw  Currencies S 9 j* 

mAmenoGld  FlnoncioisCc®  J 1BX9 

sanBB/aBatsi  ss 

SStgSSKJSEczJ  'ffi 

mAHL  Real  TTmeTrod  Fd 5 uji 

lhAHL  GW  Real  Time  Trd s 899 

mAHLGid  coo  Mark  Lid S 954 

mAHL  GM  Commodities  UdJ  954 

ittMew  Guorameed  1994  Lid— I 857 

mMop  Leveraged  Reow.  Lid  5 112? 

™^Guarante«iMffl S 9» 

JhMAP  Gld  SS81 S Iflxs 

MARITIME  MANAGEMENT  LTD 
71  ESS.51  HonlljtDn  Bennudo  (809)2929789 
w Maritime  Mivseoor  1 Ud_S  160420 

W Maritime  GlbJ  Beta  Series-*  83326 

£ JSfiffiK.®®1  Mw  San*8  ■*  TOM 

MA7TTJEWS  INTERNATIONAL  MGT 
EMERGING  ASIAN  STRATEGIES  FUND 

?gsi  =d  ;aa 


f Emerging  Mkts  Hktes___s 

J EuroMir  (Ecu)  Lid Ecu 

f FX,  Fincuiaois  a Futures  wA 
/ Growth 

/ Investment  HhJga  n.V s 

f Media  a Communicaitans— s 

f NascalLtd s 

PICTET  & Cl  E -GROUP 

tf  AlWftw  « 

wP-C-F  UK  Vot  (Lux) c 

w PLf  Getmovei  iLux)  __dm 
wP.CJ  Noramvoi  (Lux)  .1 

wP-CF  Vomier(Li«)  „„Ptes 

• {LF  ValHOKa  (Lux) LII 

wP jCJF  Val franco  IUm>— FF 

w P.U.F.  Valtond  SFR  (Lux)  -SF 
wPJJ^.  Vabond  um  1 Lux)  J 

w P.U.F.Vatbontf  Ecu  (Lux)_E  ai 
l»  P-U.F.  Val  bond  FRF  ILUXl-FF 

• P.UJ.  Valband  GBP  I Luxl-c 
W PJ1F.  Vaawnd  DEM  (LuxJ  DM 
w P.U.F.  US  I BdPtfl  (Lux)— S 

wP.UJ=.  Model  Fd Ecu 

W P.JJJ.  Plcilfe SF 

zmpassfxs^b 

ft  P.U.T.  Giotai  VOWS  (Lire)  _Eai 

criP 


m Intl  Small  CarfdOM)  — J 49173 

PREMIER  INVESTMENT  FUNDS  LTD 
c/a  P.0.  Bax  11DD,  Grand  Cayman 
Fwuj IBW)  94M?h 

m Premier  US  Eoutty  Fund S 1234X1 


m Premier  Intl  Eq  Fund s 

m Premier  Sovereign  Bd  Fd-5 

m Premier  Global  Bd  Fd S 

itt  Premier  TnW  Return  Fd_* 


wSvensko  SeL  Fd  MltFMKt— Sck  IM.14 

Spt&^c^8^  *■ 

d SBC  IDO  index  Fund— __ SF 
tf  SBC  Eoutty  IW-Austrafla— AS 
d SBC  Equity  Ptn-Canacte— CS 
rf  SBC  Equity  Plfl-Euraoe— —Ecu 

s ts£  1 

tf  SBC  GOYt  Bd  Bl— S 
rf  SBC  Bond  Ptfl-AifStr  S A AS 

tf  SBC  Bond  Ptff-Duieh  Gl  B_F1 

rf  SBC  Bond  Ptfl-EcU  A ECU 

tf  SBC  Bond  Ptfl-Ecu  B Ecu 

ff  SBC  Bond  Ptn-FF  A FF 

tf  SBC  Bond  PtfFPF  B FF 

d SBC  Bond  Plfl-Sterilng  B — £ 

B SBC  Bond  Porttello-SF  A SF 

a SBC  Bond  Pontono-SF  B SF 

d SBC  Bono  Ptfl-uss  A s 

tf  SBC  Bond  Pffl-USS  B S 

rf  SBC  Bond  Ptfl-Yrai  A Y 

rf  SBC  Bond  Pffl-Yen  B Y 

rf  SBC  MMP  - AS— AS 

rf  SBC  MMF  ■ 0FR_____BF 

rf  SBC  DM  5lw?TerniA_^l 
rf  SBC  DM  Short-Term  B— DM 

rf  SBC  MMF  - Dutch  G FI 

rf  SBC  MMP  - Ecu— ____£cu 

tf  SBC  MMF- EX Esc 

tf  SBC  MMF-  FF FF 

rf  SBC  MMF- Lb Ut 

rf  SBC  MMF- Ptek- PtQ 

d SBC  MMF  ■ scnuffiiffZZlSs 
d SBC  MMF  - SterU«n_  , 
dSg:MMF.SF__r  ■« 

rf  SBC  MMF  - US  • Dollar s 

rf  SBC  MMF  - USS/ 1 1 % 

a SBC  MMF- Yen Y 

tf  SBC  GH-Ptfl  5F  firth  CF 

rf  50c  Gttd-Ptfl  Ecu  Grth Ecu 

rf  SBC  Gtei-Ptfi  USD  Grin s 

tf  SBC  GlW-Pffl  SF  YW  A _-J5F 
tf  SBCGRX-PtflSF  YWB— SF 
rf  SBC  Glbl-Ptfl  ECU  YTfl  AZScu 
tf  SBC  EttH-PM  ECU  Yld  BlUS 
rf  SBC  GiM-Ptfl  USD  Yld  A S 

il?iccKSraF 
SKKIE.'&U 

tf  SBC  GtM-Pffl  Ecu  inc  B_Eesj 
tf  SBC  GIM-Ptfl  USD  Inc  A —5 
0 SBC  Glbl-Ptfl  USD  ine  B Zs 
tf  SBC  GW  PtWJM  Growth _DM 
tf  SBC  GW  PtfHTM  YW  B— DM 
tf  SBCGibl  Ptfl-DM  Inc  R rax 

tf  5BC  Glbl-Ptfl  DM  BW  A/hZdm 
d SBC  GRU-Pftt  ECU  BaJ 
tf  SBC  GW-Ptfl  SFR  Bal  A/B.SF 


1 K5t  bE?  C iKf* DM 

rf  UBS  Port  inv  SFR  Inc 3F 

g UBS  Port  Inv SFR  Cite  G--SF 

2 US?  E*1  ln''  Ecu  Ine--  sc 

S Hit  ES2  'IK —ECU 

2 HfS  Part  Inv  Ecu  Can  G SF 

tf  UB5  Part  inv  Ecu  Can  G Ecu 

tf  UBS  Part  inv  USS  Inc s 

4 H.53  E00  lnv  UM  me SF 

rf  UBS  Pori  Inv  USS  Cap  G SF 

tf  UBS  Port  Inv  USS  Cap  G —5 

tf  UBS  Ppn  inv  dm  Ine SF 

4 UBS  Port  inv  DM  Inc DM 

tf  UBS  Port  in*  DM  Cap  G SF 

2 KSs  EH  I*'  c*  g— dm 
2 HI?  E?2 1"*  |-B  'oc — sf 

tf  UBS  Port  Inv  Lii  Inc LII 

o UBS  Part  Inv  Lit  Cap  G— SF 
tf  UBS  Port  inv  Lit  Can  G— Lit 
d UBS  Port  Inv  FF  lhc__5F 
rf  UBS  Port  Inv  FF  lnr._  . FF 

g ugs  Port  !"*  EE£°°S — sf 

0 UBS  Port  lltv  FF  Cag  G— FF 

rf  Yen- invest. v 

rf  UBS  MM  invest-uss. 5 

rf  UB5  MM  Invect-tst  r 

2 HU  HM  !"«»9!-Seu ecu 

rf  UBS  MM  IhvwM-Ymi  v 

rf  UBS  MM  f nvesf-Ltt Ut 

2 sf 

rf  UBS  MM  Invesl-SFR  T SF 

d UBS  MM  Invest-FF FF 

rf  U BS  MM  Inved-HFL FI 

rf  UBS  MM  Invest-COn  J CS 

g UBSMHIiwU-BFR — _BF 

2 H9f  ,Tef5  Mv-DM— DM 

tf  UBS  Band  inv- Ecu  A Ecu 

rf  UBS  Bona  inv-Ecu  T Ecu 

g UBS  Bond  lrrv-SFR_nZSF 

d UBS  Bond  inv- DM DM 

rf  UBS  Bond  Inv -USS S 

rf  UB5  Bond  Inv-FF cr 

rf  JJB5  Bona  Inv-Cons CS 

rf  UBS  Bond  inv-Ltt LH 

d UBS  B.MJSS  Extra  Yield S 

2 HS§  EP  J"™  'ny-SFR  94  JF 
g UBS  Fix  Tenn  Inv-DM  94— DM 
2 HBS  El?  I*™  li»*-Ecu  94— Ecu 

2 HK  ?*,Tef!P  Inv-FF  94 FF 

2 HSI  iq  "K-Europe  A DM 

4 Ea  hv-Eurooe  T_ dm 

rf  UBS  Eq  lnv-5  COP  USA j 

2 Hit  S20  f E!?  !nc]sFR)-sF 
2 HSI  SB  ■ 0*  nc  dm]  —dm 

rf  UBS  Part  1 Fix  inc  (Ecu)— Ecu 
rf  ubs  Pan  i Fix  me  [uhIZs 
rf  UBS  Part  l Fix  inc  Lh)_UI 
tf  UBS  Pert  ■ Fix  Inc  ffjIZfF 
tf  UBS  Can  InvWlQ  1 1 Mi  T 

d UBS  Can  lnvXO/10  Germ__DM 
WORLDFOLIO  MUTUAL  FUNDS 

rf  S Dally  Income j 

rf  DM  Daily  Income _DM 

rf  SBondlncnmii.  » 

rf  NOT- S Bonds _J 

rf  Global  BreidiL S 

d Global  Baloiirvrt  - 

rf  Gtebal  Eauilles t 

d US  Conseryothw  EouIIIm_s 

d u5  Agresslve  EquHlmi S 

a European  Equities I 

tf  POCHtc  EauttUv  * 

rf  Natural  Herourcte  - 


118^0  y 

"58? 

9570  y 
94X5  y 
7451  y 

111.169 
9130  y 
I I 226 y 
94*0  y 
11723350  y 
„ *55Sv 
114*4*50  9 
9750  V 
*0250  y 
97.48  y 
«J0y 
8516*50  V 
101657 
41050 

lftiaizxii 

H17043S56 
516159 
SB87JI7 
5258.71 
104252 
1040.14 
2712950 
544X1 
SB158V 
15058V 
9953  v 
lOIJOv 
95.97  y , 
1 

103.79  V 
1114447509 
BOSv 
10471  V 

107.91  y 
104729 
10754J 

231539 
22753 1 
118X4* 
9*.10v 
»«21  * 
9957  V 
ItXUMv 
10)084509 
402.78  9 
105579 
12250  9 


iji  wBanroi  Hedged  Growth  FdJ  sz 

inj.  w Beckman  int CgpAsc * 

iu  wBEM  intemottanai  Ltd X 

un  0 BLkuoen-Mcrvoi  eef Ecu  I 

loo  mBteemor  Gtebai  Fd  A Sti — S 

ine  mBieanor  Global  Fd  B Sh— S 
,jn  mBiecmar  Gioo«  Fa  Cavmans 

ijp  w Brae  international _FF 

iyj  rf  cr  i 1 8 

1*2  max  Euro  Leverage  Fd  1.10—5 

jJ  MCapnw  Asuired  India  Ftf_JI 

0 rf  CB  German  index  Fund DM 

la  m Century  Futures.. . ..4 

jt  mCervin  Growth  Fund S 

X7  M Chilton  Intl  (BVt)  Ltd S 

% w China  Vision I 

J3  w Citodet  Llmiivn — SF 

58  tf  CM  U5A  ...  _ . 9 

ks  ivCMI  Investment  Funa 1 

u mCML  Sirntegh;  Bd  Fa  LfCU-J 

j*  mCML  sirmglc  inv  Fa  LW— 3 

33  mCetomfea  Holdings J 

» m Cgncnrae  inv  Fund  -X 

08  w Cord  I vest  Acrtora  Intl— — BF 

a w Ccnttvest  ODll  Beliu  CT BF 

Bo  w Canrtvest  ObH  World  DM 

1 w Convert,  Fd  inn*  Certs s 

5*  w Convert.  Fd  Inrt  B Cwh  .9 

;*  m Crete  Drill  Cop 5 

n wCRM  B.T.P.  Fd  Ltd 5F 

m m C RM  Futures  Fund  Ltfl— — S 

S w CRM  Global  Fd  Ltd S 

te  w Crosby  Asset  Atom!  Ltd— t 

w w cumber  Hi  N V s Sli 

IS  w Curr,  Conoeor  25M 5 la 

U d D wirier  wig  wide  ivt  Tu_s  SI 

S WD.G.C S 301 

rB  tf  Dulwa  Jason  Fund— -_Y  4 

19  a DB  AroeniHia  Bd  Fa s '4* 

14  a dbsct  Naim  bom  Fund— s W5?; 

H w Dertvdtlvt  A»ql  Alloc S l« 

7 w Defector  One  Lid S M 

14  rf  Dreyfus  America  Fund  — S 21 

fl  t dvt  Fertermonro  Fd s in 

5 m Dvfxnty  Funtt— — — S I 

* w Eos  Overseat  Fund  ua S 1525 

1 m E (lie  world  Fund  lm SF  vim 

g 0 Eml  Beta.  Iitd.  Plus  A BF  10440 

2 rf  Eml  Beta.  Ina.  Pius  B BF  HIM 

1 rf  Emi  France  tnd.  Plus  A ff  b*i 

* rf  Eml  France  Hid.  Plus  B FF  870 

5 rf  Em)  Germ.  Ind.  Pius  A— DM  «* 

1 rf  Eml  Germ.  ind.  Plus  B DM  102 

rf  Eml  Netn.  Index  Pius  A fi  ua 

tf  Eml  Ncm.  inaex  Plus  b fi  t7*. 

I tf  EirUSpoli||nd.Pfu3A Pta  HIM 

s rf  Eml  Spain  ind.  Pius  B —Pta  11442 

I tf  Eml  UK  Index  Plus  A— C IS, 

, a Eml  UK  Index  Plus  B l 13* 

l wEsD(r.sm  idv.su*  Eur  Fd_S  7. 

rf  Europe  >9*2-  - « 18 

I d Europe  Obhgaikira— .Ecu  99. 

1 WFJA.P.  Portfolio S 0*8 

w Fairfleta  In  11  LM S JS 

w Fairfield  Setirry  lm ^_s  J«1 

w Fairfleta  Stroiegin  Ltd ! 15. 

m Fatwm  Fund  s 12Mi 

; mFlreblra  Overseas  LB3— J 1*2 

wFjrst  gagle  Fund S 630*«J 

u»  First  Ecu  Lto Ecu  3»i 

ntFirsr  Frontier  Fund s M 

w FL  Truit  A ltd S U*l 

wFl  Trust  Swt Her  land SF  «Ji, 

rf  Fonrfltglla  _ t BAi 

w Fqnhih  1 Money SF  VxtLI 

ur  FaniuK  3 - Intl  Bond SF  9jt.: 

w FenmuliHan  18  mil DM  lau.t 

w Formufa  Sr  1*0 ton  Fa SF  29.1 

tf  Fortitude  Group  inc— — t oai 

nt  F ulure  Generation  Ltd S 8973 

roFXC  Investments  Ltd J 1028* 

w G.i.  M 1 Miiti-Sirateay  — s tbi; 

mOEM  Generation  Ecu  O s «J2( 

in  GEM  Generation  LM— S mu 

m Gemini  Caw  Lta, — s 5324* 

m Gamt  Progressive  Fd  Ltd— S 1837J 

w General  Fund  Ltd S es*j 

mGermoHSel.  Associates DM  1771« 

W Global  91  Fund  LW  S t 121 

w Global  fi  Fund  Lid  SF SF  7U 

w Global  Arbllrngq  Ltd SF  14495 

m Gteoal  Bond  Fund s 9tx 

w Gloool  Futures  Mai  Lid s 13997 

w Gannora SF  3*5 

tf  GreenLiiir  France FF  8M5 

m Guaranteed  Capitol  Imm  »4  lF  59536*0 
m Guaranteed  Cammodtrv  Fd  s e.« 

mGuaronteed  Currency  Fd—S  7xi 

l Houssmaim  Hugs  m u.  j *27 1 

m Hemisphere  Neutral  Aug  31 S 1045 

w Hestio  F'«w»  * rn<s 

d Hlonarldge capital  CeruL-J  llirij: 

w (be*  Hoidlnas  LM SF  33.6 

tf  IDF  Global s 93.11 

ft  ILA-IGB — _J  I2i 

0 I LA-  IGF  _ — — S 1151 

0 I LA-INI S 1051 

w Indloo  Currency  Fd  Ltd f 79.71 

r tntl  Securttin  Find Eat  3&« 

winter  Mel  AUtlFd-Mbite DM  96*. a 

rf  interfund  SA s 4251 

tf  Inti  Network  Invt I 7.73 

tf  Invesia  DWS ..  n**  n.91 

w Japan  Pacific  Fund— s 28a*4 

m Japan  Seiechan  Asses — _Y  49W 

w Jernan  Selection  Fund S 201X3 

w Kenmar  Gid.  Series: S 112*00 

w Kenmar  Guaranteed  — — S 13X1 

mKinooTB  Global  Fd  Ltd  ...i  *255 

w im  r.iiuvu  * 18*3950 

rf  KML-IIHtoh  Ytetd t 444.13 

w Korea  Growth  Trust —J  4057 

w LO  Favene  Hotdlngs  Ud S 157.93 

ft  La  Fayette  Regular  Growths  1 KL82 

m La  Jolla  int  Grtn  FdLM s 17344 

w Leal  Slcov S 131905 

m Leu  Performance  Fd— s 101X339 

wLF  International— __—S  12*9X6 

m London  Poritoih)  Servlcxs—S  nu 

mLPS  Intl  FLP.B S mm 

m lux  mu  Mat  Fa  itt  1 tnoxo 

Hr  LUxfund. ! . 8 138.1* 

mLvnx  Sel.  Hephtlngs SF  14134 

wMJCIngdon  Offshore.  N.V.  _S  17.97 

m Master  Coda  Hedge  Fd S 9822 

w Matterhorn  Dttshore  Fd 1 1*834X8 

wMBE  Japan  Fund— — LF  199400 

m McGinns  Global  (Aug  31 )_ 8 I39S.9I 

mMCM  Int.  UnUlerf . s 22051 

w Millennium  International —I  1358 

mMjM  International  Ltd S 101X7 

HBpgKSrrl'  /S2 

sgaast^ — 1 p 'as 

4 NewMiitetwlum  Fut. Ltd— s 98952 

tf  Newbonk  Deoentures— 1 129980 

mNlnetrinree  Mutual  Fd  nv.ecu  100050 

mNMT  Aslan  Sel.  Portfolio— S XFS3 

w Noble  Portnero  inn  Lid. I 17144 

wNOva  Fin  FOLttFPraoSor_S  1672X7 

fllNSPF.l.T.LtO 8 1228 

m Ocean  Strategies  Limited— 8 13759 

m Omega  Overseas  Partners  J U&3601 

mOwnhrimer  u5.Arb._-_S  17158 

m optimum  Fund  — - t 1*13*9 

w Oracle  Fund  Lta 1 1 1151 

SETn 

SgafRS6c=l  w 

m Panpipes  Offshore  (Aua  3111  IQ7X1 

ro  Paragon  Fund  Limited— s icun 

m Parallax  Fund  Ltd 8 *950 

ihPequot  lrd"t  Fund— — — _ j 202.79 

m Permal  Uodyke  Ltd s 217535 

w PhonnaTwHealth— — J 9*5* 

^Sfurloe^ton  Plurttarex FF  92952 

wglurtaesltanPlurtvaleur FF  5055 

w Plurtvest 1 Slcov FF  5&5g 

mPombav  Overseas  Ltd $ 1139x7 

mPnrtuouese  Smaller  Ca J tut 

m Partuauese  Smaller  Co  Ci  Cs 

ntPrima  Capital  Fund  Ltd S HITS 

m Prtmoa  Fund-.  — _ « 9.05 

d Pronrem  SJL— OM  1275X1 

w Pyramiding  FdCorp 1 7J0 

rf  RAD  ml  Inv.  Frl-  i 1471J* 

d Regal  Intl  Fund  Ud — 5 126I8L68 

mPehCam  Investmeoi  N.V s 1037 

7 Ric  inavest  Puna  B s »i  *4 

* RM  Fuiunri  Fund  Slcov— j*  3195157 

wSoliort  intl  Eaullv__— _ECu  132122 

W Saitort  Intl  Fixed f!?  1M755 

rf  Sanyo  Kle. Spain  Fa s e« 

d Sarakrrek  HohJtog  N.V. 8 i« 

w Saturn  Fiwl  « 144051 

m Savoy  Fund  Lra 5 ijjj.w 

tf  |ci  {Tech. SA LuxembaurpS  leg* 

mSatecta  Global  Hedge  Ffl-J  017X28 

rf  WeOfveFut.PWLtO 5 982X3 

m Sentry  Select  Ltd * 51174 

7wui 

sSS^  TM 

w 5P.lr!lrrT”tlanal  SA  B 50 J 7908095 

m Spirit  Hedge  Hid  . 4 

mSpIrll  Neutral  Hid— _s  wi5  i 


Other 


laassag 

HActthdures  L total 

■Acitaenton  S icoUta 

wAalvwt  iniisieevl 


m Advanced  Latin  Fd  Lta 

m Advanced  Pacific  Slrnf 

wAdvcmced  Strategics  U8_» 

wAiG  Taiwan  Fund 1 

w Alexandra  cm  invest  Fd  u 

mAnnu  Investment 1 

wAqglla  lnlerngitgnal  Fund_S 

w Arwiin  investment 

w Argus  Fund  Batenced 


vArnw;  Rtad 

tf  Asia  Oceania  Fund 

wASS  (Global  1 AG m 

mAaoeWed  Investara  int— S 
nr  Athena  Pundi-tn  . * 

wATO  Nikkei  Fund S 


m Spirit  Neutral  Hid s 

w BSSEEiBg  Small  Co  1-8 
wStefnhorot  OSeas  Fd  Ltd s 

Z%8£EZ?'.TnM-i 

mSlrome  ON  snore  LM _S 

tf  Sunset  Ginfjoi  in  Ltd 3 

tf  Sunset  Gtebal  One j 

m SusMnn  McGorr — 4 

w Techno  Growth  Fund SF 

d Templeton  Gtebal  Inc 8 

mine  Bridge  Fund  N.V 5 

mTJte  Geo-GtabaJ  Offshore 8 

d The  malt  Mudi  AavHorv_S 

jjiTnej  Fund  b.v.l  lm s 

w The  Jaauar  Fund  N.V X 

rf  ThoM-A-R-S  Fd  Slcov  A— % 

2 ’R‘r-S  PftSffre  L— DM 

rf  The  Magus  Ecu  Fd  Ltd Ecu 

rf  The  Manus  US  I Fd  Ltd S 

m The  Seychelles  Fa  Ltd s 

mTTw  Smart  Band  Lid— _SF 

ihThe  Smart  Band  Ltd t 

WTItemo  M-M  Futures % 

m Tiger  Setec  HoM  NV  Bid l 

SSfeEto 

a TrmMnelNe  Cam  v 

w Trinity  Futures  Fd  Ltd 1 

m Triumph  1 « 

m Triumph  IV—  « 

d Turquoise  Fund * 

w Tweedy  Brown  irm  SFR—JF 
/»  Tweedy  Browne  inrt  n.v.—_ * 

S Browne  n.v.  Cl  A — I 

tf  UhaFufuTHx  CE 

rf  UbaFuhires  Dollar— _s 

( Ultima  Growth  Fa  Lid s 

tf  Umbrella  Deal  Fund  Ltd s 

d Umbrella  Fund  lm.  y 

w Uni  Band  mu  pnr 

5S»liagS!!=J£ 

wUnFGtabai  Slcnv  frf  fl 

w Ufi*-G tubal  Slcnv  FS  — SF 
w UnFGtebci  Slcov  USD— s 

tf  Unlco  Equity  Fund .dm 

tf  Onto  Inv.  Fund dm 

m Unitrodes  CHF SF 

m unitrodes  chf  geo. 
m Unitrodes  FPF  ee 

m Unilraaes  USO 1 

w Ursus  Inrt  LM~  % 


Sfc%ffffRat=rT 

MBgjgssai 

rn  Wet  to.  witaiTinn  Fd.  * 

tf  WtoGJobolFdBd.Ptfi Eet 

g 95bol  Fra  Eq.  Pttl. Fa 

tf  win  Gtebal  Fa  Res  pw»  <c 

2*SKJ2JS5f?^Zw,d 

m worldwide  Limited  — - * 

w WPG  Farber  (neas  Part s 

» WWftWM Grin  Fd  LtflJIs 

mZwhw  Hedge  Ftxw__^iF 
flUwelg  inn  1 in  » 


Price;  yprfco 


> publication;  rbW 


^ For  information  on  how  to  fist  your  fund,  fax  Simon  OSBORN  at  (33-f)  46  37  21  33. 


* 7 k 1 "■ 


■v  ' ‘T  , *1' 
' ■ - ’ 


The  conference, 


" r/ki  Dt^r 

U L Europe's  leading  energy  forum, 


will  he  addressed  by  oil  industry 


experts 


from  the  world  over. 


OIL  & MONEY 

London  ■ October  17  & 18 


The  Oil  Daily  Group  licralb^^^ribunc. 


For  further  information 
on  the  conference,  please  contact: 

Brenda  Erdmann  Hagerty 
International  Herald  Tribune 
63  Long  Acre,  London  WC2E  9JH,  England 
Tel:  (44  71)  836  4802 
Fax:  (44  71)  836  0717 


Page  10 


INTERNATIONAL  HERALD  TRIBUNE,  THURSDAY,  OCTOBER  6,  1994 


P; 


TT 

rrn 


; i 
% 


HEALTH  /SCIENCE 


It’s  Official! 
Caffeine  Really 
Is  Addictive 


By  John  Schwartz 

It’osAingroff  Post  Service 


WASHINGTON  — In  findings  that  will  shock  no 
one  who  gropes  for  the  coffee  pot  first  thing  in  the 
morning,  an  article  published  in  Wednesday’s 
issue  of  the  Journal  of  the  American  Medical 
Association  reports  that  “caffeine  exhibits  the  features  of  a 
typical  psychoactive  substance  of  dependence.” 

The  authors  of  the  report,  Roland  R.  Griffiths  and  col- 
leagues of  the  Johns  Hopkins  School  of  Medicine,  have  even 
given  this  fact  a name:  “caffeine  dependence  syndrome.” 

That  caffeine  can  create  a physiological  dependence  has  been 
known  for  some  time.  For  regular  caffeine  users  — and  that 
includes  SO  percent  of  adult  Americans  — even  a day  without 
caffeine  can  lead  to  headache,  lethargy  and  depression,  as  the 
same  group  of  researchers  found  in  an  earlier  study.  But  the 
new  research  puts  those  physical  symptoms  in  the  broader 
context  of  the  diagnostic  framework  used  by  the  American 
Psychiatric  Association's  Diagnostic  and  Statistical  Manual  of 
Mental  Disorders,  Fourth  Edition  (DSM-IV),  which  sets  crite- 
ria for  diagnosing  substance  dependence. 

Along  with  physical  withdrawal  symptoms,  the  researchers 
used  three  other  criteria  for  dependence  under  the  DSM-IV 
guidelines,  including  persistent  desire,  dose  tolerance,  and 
unsuccessful  efforts  to  control  use  — in  some  cases,  despite 
recurrent  physical  problems  that  might  be  made  worse  by 
caffeine  use. 

Of  the  27  people  in  the  study  tall  of  whom  identified 
themselves  as  being  dependent  on  caffeine),  94  percent  expe- 
rienced withdrawal  when  taken  off  caffeine,  and  the  same 
percentage  continued  to  use  the  substance  despite  physical  or 
psychological  problems  that  they  associated  with  the  use  of 
the  dfiie/Eighiy-one  percent  had  been  unsuccessful  in  efforts 
io  cut  down"  The  researchers  found  that  16  of  the  volunteers 
fulfilled  oil  four  of  the  DSM-IV  criteria  for  a diagnosis  of 
substance  dependence. 

Dr.  Griffiths,  a behavioral  pharmacologist  and  one  of  the 
authors  of  the  JAMA  study,  said  his  work  in  no  way  constitutes 
an  attack  on  coffee  or  other  caffeine-containing  beverages. 
“This  paper  doesn't  say  that  you  should  stop  caffeine”  if  it 
doesn't  appear  to  be  causing  you  problems,  he  said.  The 
researchers  suggested  further  study  to  establish  the  prevalence 
of  the  condition,  and  concluded  that  “further  characterization 
of  the  dependence  syndrome  of  the  most  widely  used  psychoac- 
tive  drug  in  the  world  may  also  serve  as  a useful  model  for 
understanding  the  dependence  syndromes  of  other  drugs." 


THE  Food  and  Drug  Administration  is  considering 
regulating  tobacco  products  based  on  the  addictive 
nature  ot  nicotine.  Opponents  of  regulation  have 
often  tried  to  show  parallels  between  tobacco  and 
other  widely  used  substances,  such  as  caffeine. 


FDA  officials  and  medical  experts  have  objected  to  the 

: of  the  new  study. 


comparison,  and  continued  to  do  so  in  light  ■ 

Jack  E Henningfield.  a scientist  at  the  National  Institute  on 
Drug  Abuse,  called  caffeine  dependence  “a  benign  dt 


Drug  Abuse,  called  caffeine  dependence  a benign  drug 
addiction.”  and  said  he  disagreed  with  the  logic  that  says,  “if 
you  regulate  nicotine  you  have  to  regulate  caffeine — it’s  two 


different  animals.” 

The  FDA  spokesman.  Jim  O’Hara,  said  that  the  agency's 


_ mey ; 

authority  to  regulate  caffeine  is  well  established.  “The  FDA 


has  regulated  caffeine  as  both  a food  and  a drug  for 
years.  *’  Mr.  O’Hara  said.  He  added  that  the  FDA  h; 


many 

has  the 

power  to  restrict  levels  of  caffeine  that  might  be  “ordinarily 
injurious  to  health.”  a line  that  even  a double  espresso  does 
not  cross. 


W orld  on  Alert 
For  Suspected 
Cases  of  Plague 


By  Lawrence  K.  Altman 

New  York  Tima  Service 


EW  YORK— As  in- 
ternational medical 
surveillance  for  plague 
intensifies,  at  least  six 
countries  have  investigated  sus- 
:t  cases  from  India  but  none 
jve  been  confirmed,  health  of- 
ficials said. 


<T,  Seou  B Angus  for  The  N*»  V«l  Tim  NYT  mop 

In  a Honduran  cave,  archaeologists  have  found  remnants  of  an  unidentified  culture. 


Pre-Columbian  Palace  of  Dead 


By  John  Noble  Wilford 

New  York  Tima  Service 


ATACAMAS.  Hon- 
duras — The  narrow 
road  into  the  Hondu- 
ran rain  forest  was  a 
mire  of  black  mud,  a grinding 
test  for  the  hardiest  four-wheel- 
drive  vehicles.  After  fording  a 
wild  river,  everyone  had  to  get 
out  and  hike  up  a steep  slope 
crawling  with  fire  ants  and 
bounded  by  walls  of  vines  hang- 
ingfrom  tall  trees. 

This  was  the  way  to  Cueva  de 
Rio  Talgua.  the  Cave  of  the 
River  Talgua,  a haunring  place 
the  explorers  had  taken  to  call- 
ing the  Cave  of  the  Glowing 
Skulls.  It  is  the  site  of  a new- 
found archaeological  mystery. 

A tongue  of  water  rushed  out 
of  the  cave's  mouth.  Following 
the  •s’ ream.  sometimes  wading 
up  . . _aeir  thighs,  archaeolo- 
gists plunged  several  hundred 
yards  into  the  interior  for  their 
first  scientific  examination  of  a 
discovery  made  in  April. 

They  ventured  through  side 
passages  and  up  into  chambers 
well  above  stream  leveL  They 
finally  passed  through  a small 
opening  near  the  ceiling  of  one 
chamber  and  by  the  light  of 
their  headlamps,  caught  their 
first  sight  of  an  astonishing 
scene  — a pre-Columbian  pal- 
ace for  the  dead. 

Stalactites  of  calcium  car- 
bonate, cal  cite,  dripped  from 
the  ceiling  of  a cavern  more 


than  100  feet  (30  meters)  long, 
12  feet  wide  and  up  to  25  feet 
high.  Tuneless  seepage  of  water 
through  limestone  had  left  de- 
posits of  calcite  everywhere, 
seemingly  frozen  in  midflow. 

In  the  recesses  of  the  cur- 
tains, in  every  crevice  and  on 
every  ledge,  were  piles  of  hu- 
man slndU  and  bones,  sparkling 
with  coatings  of  tiny  calcium 
crystals. 

James  E.  Brady,  an  archaeol- 
ogist at  George  Washington 
University  and  leader  of  the  in- 
vestigation, spoke  with  growing 
excitement. 

“Look  here.  two.  four,  five, 
six  skulls,”  he  said.  “Here's 
some  red  pigment,  something 
often  associated  with  burials  as 
far  bade  as  the  Neanderthals. 
Who  knows  bow  many  more 
bones  are  beneath  these,  ce- 
mented in  the  caldte?" 

After  several  visits  to  the  cav- 
ern, Dr.  Brady  estimated  that 
the  visible  remains  represented 
from  100  to  200  individuals. 
Who  were  they,  to  what  ancient 
culture  did  they  belong?  When 
did  they  live  and  die? 

Dr.  Brady,  who  specializes  in 
Mayan  cave  archaeology,  said 
the  evidence  so  far  ruled  out 
any  dose  relationship  to  the 
Maya,  whose  dvilizarion  domi- 
nated upper  Central  America 
and  southern  Mexico  in  the  first 
millennium. 

But  the  20  undecorated  ce- 
ramic bowls  and  two  thin  mar- 
ble vases  found  with  the  bones 
could  not  be  matched  with  the 


styles  of  known  non-Mayan 
cultures  in  what  is  now  Hondu- 
ras. Based  largely  on  the  ceram- 
ics. he  said,  the  burials  could 
have  been  as  recent  as  A.  D.  500 
or  as  early  as  300  B.  C. 

“It’s  frustrating.”  he  sighed. 
“We  have  all  this  beautiful  ma- 
terial and  no  way  of  immediate- 
ly relating  it  to  a pertain  rime.” 

A pasture  less  than  a mile 
from  the  cave  entrance  may 
hold  answers.  There.  George 
Hasemann.  director  of  archae- 
ology at  the  Honduran  Institute 
of  Anthropology  and  History  in 
Tegucigalpa,  who  accompanied 
Dr.  Brady,  identified  more  than 
100  large  rectangular  mounds, 
presumably  remains  of  an  an- 
cient settlement.  Some  pottery 
shards  recovered  there  were 


the 


similar  to  those  found  in 
cave,  he  said. 

As  the  next  step  in  trying  to 
solve  the  mystery  of  the  Talgua 
cave.  Dr.  Hasemann  proposed  a 
thorough  reconnaissance  of  the 
mounds,  beginning  with  some 
test  trenches.  Such  exploration, 
combined  with  the  cave  find- 
ings. could  open  a window  on  a 
previously  unknown  culture1 
that  livedin  the  shadow  of  the 
mighty  Maya  civilization. 

What  is  known  is  that  the 
area  of  central  and  northeast 
Honduras  was  a heavily  popu- 
lated region  on  the  periphery  of 
the  Maya  cultures.  The  people 
undoubtedly  had  some  contact 
with  the  Maya,  particularly 
with  the  great  city  of  Copan  in 
northwest  Honduras. 


A woman  passing  through 
customs  at  Kennedy  Interna- 
tional Airport  on  Monday  af- 
ter arriving  from  India  was 
sent  to  Bellevue  Hospital  be- 
cause she  was  coughing  and 
had  a fever  of  100.8  degrees 
Fahrenheit  (38.2  degrees  centi- 
grade), a federal  health  official 
said.  Tests  indicated  she  did 
not  have  plague. 

Earlier,  the  bacterial  infec- 
tion was  ruled  out  in  two  other 
airline  passengers  who  arrived 
in  New  York  and  in  Dallas  in 
recent  days,  the  official,  Dr. 
Duane  J.  Gubler  of  the  Centers 
for  Disease  Control  and  Pre- 
vention, in  Atlanta,  said. 

Five  other  countries  — Ban- 
gladesh, Canada,  England,  Ger- 
many and  Pakistan  — have  in- 
vestigated suspected  cases 
among  travelers  who  became  ill 
within  a week  of  leaving  India, 
where  an  epidemic  of  the  pneu- 
monic form  of  the  disease  has 
struck  in  recent  weeks. 


after  the  last  case  is  reported 
there.  Dr.  Lindsey  Martinez,  a 
WHO  official  said. 

India  has  reported  4,780  sus- 
pected cases  of  plague,  includ- 
ing 51  deaths,  to  WHO. 

Airlines  in  several  countries 

have  suspended  flights  to  and 

from  India  and  some  countries 
have  banned  cargo  from  India. 
But  there  were  signs  that  several 
countries  were  about  to  ease  the 
stiff  controls  soon  as  Indian 
health  officials  said  the  tide  was 
turning  against  the  disease. 

Health  officials  are  deliber- 
ately spreading  a wide  net  to 
include  many  cases  that  may 
not  be  plague  in  order  not  to 
miss  any  that  are. 

On  Tuesday,  for  example. 
Dr.  Gubler  said  that  laboratory 
tests  confirmed  that  a 12-year 
Old  boy  in  Long  Beach,  Califor- 
nia, had  developed  dengue  fe- 
ver, not  plague,  10  days  after  his 
return  from  India. 


NEUMONIC  plague 
symptoms  usually  de- 
velop within  one  to  six 


days  after  exposure  to 
' ;.  As  symp- 


Although  the  World  Health 
Organization  has  not  advised 
against  travel  to  India,  the  UN 
agency  is  about  to  add  New* 
Delhi  to  its  list  of  plague-infect- 
ed areas  because  Indian  offi- 
cials have  reported  four  second- 
ary cases  there.  New  Delhi  will 
remain  on  the  list  for  two  weeks 


Microbial  Life  Deep  in  the  Planet 


By  William  J.  Broad 

New  York  Tuna  Semce 


EW  YORK  — Fiction  writers 
have  fantasized  about  iL  Promi- 
nent scientists  have  theorized 
about  iL  Experimentalists  have 
delved  into  it.  Skeptics  have  ridiculed  it. 

But  for  decades,  nobody  has  had  sub- 
stantial evidence  one  way  or  another  on 
the  question  of  whether  the  depths  of  the 
rocky  earth  harbor  anything  that  could  be 
considered  part  of  the  spectacle  of  life  — 
until  now. 

Two  teams  of  scientists,  drilling  deep 
beneath  land  and  sea.  have  independently 
cume  up  with  tantalizing  clues  that  sw'arms 
of  microbial  life  thrive  deep  within  the 
planet.  the  evidence  in  one  case  coming 
from  a depth  of  nearly  two  miles. 

Like  a lost  world,  these  communities  of 
microbes  have  been  cut  off  from  the  all 
other  life  on  the  planet  for  millions  of 
years,  in  some  cases  since  the  age  of  dino- 
saurs or  earlier. 

“We’re  finding  lots  of  organisms  down 
there."  said  Dr.  David  R.  Boone,  an  envi- 
ronmental microbiologist  at  the  Oregon 
Graduate  Institute  in  Portland. 

The  microbes  brought  to  the  surface  are 
sometimes  unique,  including  the  first  ba- 
cillus ever  discovered  that  is  a strict  anaer- 
obe. meaning  it  can  live  and  grow  only 
where  there  is  no  oxygen.  Its  proposed 
name  is  Bacillus  infern  us,  bacillus  from 
hell. 

The  findings  are  seen  as  lending  sup- 
port to  the  theory,  once  disparaged  but 
rapidly  gaining  credibility,  that  the  earth 
has  a hidden  biosphere  of  ancient  life 
extending  down  many  miles,  whose  total 
mass  may  rival  or  exceed  that  of  all  sur- 
face life. 

“It’s  a very  hot  topic’*  Dr.  Henry  L. 
Ehrlich,  a biologist  ot  the  Rensselaer  Poly- 
technic Institute  and  editor  of  The  Geo  mi- 
crobiology Journal,  said  in  an  interview. 


“The  fact  that  organisms  can  be  found  at 
this  extreme  depth  is  a surprise.  From  the 
study  of  soils,  it  had  generally  been  as- 
sumed that  below  very  shallow  depths, 
microbes  weren't  likely  to  be  found.  The 
thinking  now  is  that  these  organisms  aren’t 
just  resting  there  in  a state  of  suspended 
animation  but,  when  the  right  conditions 
prevail,  they  metabolize  and  grow.” 

Dr.  John  A.  Baross,  a biologist  at  the 
University  of  Washington  in  Seattle  who. 
was  an  early  supporter  of  the  deep-bio- 


One  bacillus  thrives  only 
where  there  is  no  oxygen. 
Its  proposed  name  is 
the  Bacillus  infernus. 


sphere  idea,  said:  “So  far  all  the  evidence 
supports  it.  The  implications  are  that  it's 
an  extensive  environment." 

The  repercussions  of  the  discoveries  are 
not  just  academic. 

One  of  the  drilling  programs,  run  by  the 
U-  S.  Department  of  Energy,  has  isolated 
more  than  5,000  microbes  from  the  deep 
earth  and  is  making  them  available  to 
scientists  in  government  and  industry. 

“There's  a lot  of  interest.”  said  Dr. 
Frank  J.  Wobber,  head  of  the  subsurface 
science  program  at  the  Energy  Depart- 
ment in  Washington. 

Thriving  under  high  heats  and  pressures, 
the  microbes  are  seen  as  harboring  a trea- 
sure trove  of  rare  genes  and  biochemical 
processes  that  may  yield  innovative  medi- 
cal and  biochemical  tools.  Some  of  the 
microbes  are  already  being  scanned  for 
antibiotics  and  agents  that  might  help  fight 
diseases  like  cancer  and  AIDS. 


Asked  if  the  deep  drilling  might  open  a 
Pandora’s  box  of  new  human  ills,  the  dis- 
coverers generally  said  the  subterranean 
microbes  were  adapted  to  an  environment 
so  hostile  and  alien  as  to  greatly  reduce  the 
odds  of  human  infection. 

“It's  doubtful  that  an  organism  from  a 
strange  environment  separated  from  man 
would  be  pathogenic,”  said  Dr.  Boone  of 
the  Oregon  Graduate  Institute.  'The  best 
place  to  incubate  a virulently  pathogenic 
organism  is  where  you  have  people. 
There’s  no  reason  to  fear  deep  contamina- 
tion.” 

Dr.  Tullis  C.  Onstott,  a geologist  from 
Princeton  University  who  is  a member  of 
the  Energy  Department  team,  noted  that 
“every  day  the  earth  is  uplifted"  as  its  deep 
parts  are  brought  naturally  to  the  surface 
by  geological  forces,  and  their  microbes 
'‘thrown  back  into  the  pooL” 

Until  relatively  recently,  ideas  and  evi- 
dence of  deep  life  were  considered  either 
heretical  or  impossible  to  defend.  The 
main  problem  was  the  risk  of  contamina- 
tion from  surface  microbes. 

No  matter  how  detailed  the  precautions, 
deep  drillers  looking  for  microbial  evi- 
dence had  a hard  time  convincing  their 
peers  of  positive  results. 

But  a mix  of  old  and  new  techniques  is 
changing  all  that,  including  the  steriliza- 
tion of  drilling  rigs  and  coring  tools  and 
the  use  of  physical  and  chemical  tracers  to 
monitor  the  flow  of  fluids  in  the  drilling 
circulation  systems,  lowering  the  risk  that 
surface  contamination  could  be  mistaken 
for  deep  life. 

The  new  drilling  methods,  said  Dr.  Ehr- 
lich, of  Rensselaer,  “are  very  careful.” 

Another  team’s  report  is  in  the  current 
issue  of  the  British  scientific  journal  Na- 
ture. Dr.  R.  John  Parkes  and  eight  British 
colleagues  analyzed  drillings  from  the  Pa- 
cific Ocean  floor  down  to  depths  of  1,700 
feet  (about  515  meters).  The  deepest  sam- 
ples came  from  the  Sea  of  Japan. 


Versace:  Rare  Understatement 


By  Suzy  Menkes 

International  Herald  Tribune 


M 


I LAN  — At  lasu  a nice  navy  take-you-anywhere 
suit  with  a fitted  jacket  and  simple  knee-length 
skirl  from  Gianni  Versace.  Versace?  Versace! 
The  emperor  of  over-th e-tcrp  fashion  drew  back 
from  the  brash  trash  oF  his  recent  collections.  Sure  the  models 
in  his  spring-summer  show  looked  sexy.  Why,  some  of  them 
did  not  even  have  time  to  get  underpants  on.  before  stepping 
oat  in  goddess  gowns  that  were  draped  here  and  slashed  there, 
revealing  a length  of  leg  from  waist  to  ankle. 

But  with  their  heavenly  bodies,  the  models  seemed  like 
sirens,  not  streetwalkers.  Other  Milanese  designers  who  have 
followed  in  the  wake  of  the  shiny  sexpot  clothes  of  last 


MILAN  FASHION 


season's  Versace  now  look  rather  silly.  Not  to  mention  Elton 
John,  head-to-toe  in  scarlet  vinyl  in  the  front  row  with 
Sylvestor  Stallone  and  David  Copperfield. 

Versace  gave  a lively,  witty,  well-paced  show,  in  which  for 
every  buttock-skimming  Grecian  tunic  (underpants  attached) 
there  was  a relatively  sensible  outfit:  a fitted  suit  with  corset 
hooks  tracing  the  seams  or  a simple  dress  in  sweet-pea  pastels. 
Some  were  patterned  with  meadow  flowers  or  butterflies.  And 
the  same  summery  prints  on  terry  cloth  robes,  swimsuits  and 
Mj ami-style  towel-turbans  enhanced  the  impression  that  Ver- 
sace's urban  molls  were  taking  a breath  of  clean  air. 

T tried  to  be  young  and  fresh.”  said  Versace,  taking 
compliments  backstage  among  the  bevy  of  supermodels  who 
drew  crowds  of  groupies  outside  the  Milan  palazzo.  The 
designer  said  that  the  draped  dresses  were  “a  memory  of  my 
childhood,”  referring  to  his  dressmaker  mother.  They  also 
had  a glancing  reference  to  the  antique  classical  statues  that 
fill  his  home. 

But  the  Grecian  gowns  and  the  tautly  fitted  suits  seemed 
more  a throwback  to  vintage  Hollywood  designers  like  Adri- 
an who  dressed  Silver  Screen  stars  in  a glamorous  fashion. 
Today’s  supermodels  are  the  equivalent  of  the  cinema  starlets 
and  on  them  fashion's  current  glam  style  was  given  cut  and 
thrust  by  Versace’s  scissored  handkerchief-point  hemlines 
and  molded  corset  bodices.  In  slender  dresses  with  fishtails  of 
fabric  flipping  from  a fitted  torso,  the  statuesque  Linda 
Evangelista  and  the  sensuous  Claudia  Schiffer  looked  like 
bionic  mermaids. 


Versaces  draped  dress  with  butterfly  print. 


Mtwmwas 


Versace  gave  the  elaborate  evening  gowns  a modern  allure 
by  using  stretch  fabrics  and  building  the 


le  dresses  without  any 
understructure  (ot  indeed  underwear).  St  made  a fine  show, 
although  heaven  knows  who  but  a supermodel  could  wear  silk 
jersey  slipping  and  slithering  across  the  naked  curves,  or  walk 
in  strappy  stiletto  sandals  with  a dress  gripping  thighs  and 
knees.  A great  body  was,  as  ever,  Versace’s  main  agenda. 

“I  saw  the  two  shows,”  said  Schiffer's  fiance.  Copperfield. 
“One  show  I looked  at  the  bodies,  and  the  next  one  at  the 
clothes.” 


And  the  clothes?  Everything  you  might  expect  to  find  on  a 


current  magazine  spread:  cropped  sweaters,  narrow  pants. 

full-skirted  dresses.  And  those 


back-to-the- 1 950s  slim  or . „ 

knee-length  hemlines,  which  designers  and  fashion  editors 
keep  pushing,  although  they  still  seem  irredeemably  retro- 
grade. Designer  Tom  Ford's  look,  although  well-done,  looked 
bade,  what  with  Gucci’s  shiny  patent  bucket  bags,  Doris  Dav 
purses  and  a vague  feeling  of  Capri  and  Grace  Kelly. 


HE  return  of  the  fresh  flower  print  inspired  by 

arly 


TFalconctto  designs  for  Ken  Scott  in  the  early  1960s, 
may  turn  out  to  be  the  most  important  trend  in 
Milan.  Blooms  sprouting  from  pots,  slices  of  citrus 
fruit  and  flower-and-buuerfly  prmts  starred  at  Gucci's  show 
Wednesday.  So  did  the  shoes,  as  models  staggered  in  high- 
heeled  thong-between-toes  mules  or  wore  what  must  be  the 
world’s  most  expensive  flip-flop  sandals. 


It  was  similar  at  Ferragamo.  where  the  American  designer 
Steven  Slowflc  sent  out  pretty,  ladylike  clothes,  from  curvy 
dresses  with  short  jackets  to  simple  tailoring  in  bright  colors 
or  quiet  checks.  There  was  more  of  Capri  revisited  in  crepe 
blouses  and  narrow  pants  in  peach  and  apricot  sorbet  shades. 
But  Slowik  made  a good  job  of  reinforcing  Ferragamo's  image 
of  class  and  luxury  by  using  beige  suede  with  ecru  linen  Sd 
gdded  leather  with  navy  tailoring.  He  even  made  Milan’s 
favonte  disco  theme  seem  upscale  and  credible  by  cutting 
metallic  fabrics  on  clean  lines.  And  the  dainty  shoes  as  befit! 
Ferragamo,  were  glamorous  without  being  ridiculous 


im# 


inM 


* <- 


1 


the  plague  bacillus, 
toms  begin  to  develop,  an  in- 
fected individual  can  pass  the 
plague-causing  bacterium.  Yer- 
sinia pestis.  to  others  throuj;  ’ 
droplets  in  the  air  from  cou| 
or  sneezes. 

Plague  should  be  suspected 
in  anyone  who  has  traveled  to  a 
plague-infected  area  and  within 
a week  developed  these  symp- 
toms: acute  progressive  respira- 
tory illness  with  fever  and 
cough,  with  or  without  bloody 
sputum,  or  a fever  and  tender, 
swollen  lymph  nodes,  health  of- 
ficials said. 


-.y- 


: l ■-r’*  ' 

I .<  * 

1-*  * 


* 


jfo.  rmm 


IKIINATIOIM 


T(* 


lit  I 


.i 

• ■ •••  K 


r"-r m 
■ . ■■*** 

iftW 


** 


- i * 
'♦*  % 

T 

* i • * 
"*  1 


I'ill 


ni'l 


M. 

1 ' 


‘pTS 


- hri 


w 


■*jr  t/~\ 


i i f- 


rr 


% 1 Q 

i 

•*». 


t!  1 

S SSfi  ft 


§ 


T 1 AT  \ 7 


I IX,  vv  \ 


/ ^ I 

I lit 

\ ./III 


— •*'  A. 


oil  A I 

Slt  % 
' “'flu,! 


l-Aki ha.. 


* •-••  % 


«***  f.ij 

-s  til  -tan  • t 


T*  . 

m te^.  tf. . 


*S  ttv.  ^ 

... 


M **». 


id  ■ 

WH'- 

at** 

4^  *sv 
I 1**  A- 

Ite*'  i 
tew 
!••  ***»  * ■-. 

ft  - !>  i 

&&.!  - . 

* W*-  -■  . 

<7tS  .•;.. 
tei<  a. lit-, 
ses*  t> ; . 
tteiV.  . 

3HM«  ' 

a 

« M ... 

a »«j  . 
i Ov  •:  ’■ 

*&*  :-. 

Mr  rr 

ter  , 

if  I*.-  ~ 

ftkiT*  •■'  . 

*i  ■ «i> 


P 


alnnwit 


fipjwfcpp: 

■ a 


Columbia 

^eiBSllSj^  Acquires 

THE  TRIB  INDEX  113.17®  Hosuitals 

byBioc^eig  Busmsss  1W.  ten,  i,  1992  - loo,  $5.4  Bfflioii  Pad 

For  HealthTnist 


International  Herald  Tribune . Thursday,  October  6, 1994 


Knowledge  at  a Price 

Reed  Has  Mead  Data,  Ziff  Deal  in  Doubt 


t£>  Compiled  by  Otr  Staff  From  Dispatches 

WrjpcjryJP v) LOUISVILLE.  Kentucky  — 
Columbia/ HCA  Healthcare 

■ Corp.,  the  latest  U.S.  hospital 
company,  said  Wednesday  it 
would  acquire  Heal  thTrust  Iuc. 

The  $5.4  billion  transaction 
carries  further  the  trend  of  con- 
solidation  in  the  U.S.  heaJth- 
i,  care  indusuy. 

S O Columbia  said  the  combined 

ism  companies  would  have  about 

$15  billion  in  annual  revenue. 

,***-_,  M After  the  merger,  Columbia 

vffipSr  iia*  {0  would  own  and  operate  311 

ttiaapiw.itMBM  hospitals  with  about  60.000 

beds  and  125  outpatient  centers 
in  37  states  and  two  other  coun- 
tries.  The  company  would  have 
172,000  employees. 

The  buyout  portends  a rise  in 
value  for  rural  hospitals  in  the 
United  States,  analysts  said. 

J A s ° Health  trust  has  115  hospi- 

19M  lals,  mainly  in  rural  areas  in  die 

South  and  West 

' BEBEt  “It’s  the  smartest  move  that’s 
144.47  Prw.;  i46.09|jjjg  been  made  to  date  in  the  cre- 

a lion  of  Columbia,"  said  Mj- 

. fy  cbael  M.  LeConey.  an  analyst 

f± with  Ray  Dirks  Research  in 

k J New  York. 

Columbia  has  bought  three 
hig  health-care  providers  in 
stock  deals  recently.  Last 
J a s o month,  it  acquired  Medical 

19s4  Care  America  Inc.,  one  of  the 
biggest  U.S.  operators  of  outpa- 
O.  NM  Yort.  London,  and  dent  centers,  for  about  $1.1  bil- 
*,  Chita,  omhiwk.  Finland,  lion  in  stock.  Eight  months  ago, 

rwss®  ®»  b?u7f‘!/lCAHospiu] pn?. 

smw  ot  maria*  cappaBzation.  for  $7.6  billion,  a year  after  it 
had  bought  Galen  Health  Care 
Inc.  for  $3.5  billion. 

Columbia  will  swap  0.8$  of  a 
££  *£  di£p  share  of  its  stock  for  each 

ii3<a  tnx  _n«  Heal  thTrust  share  and  assume 

■MZ^  11326  -0^5  about  51.8  billion  in  Health- 

13237  13135  -0.73  Trust  debt  That  would  value 

10173  102 17  -043  Healthtrust  stock  at  $37.62,  on 

~ ‘ the  basis  of  Columbia’s  $42.75 
izi.w  1Z3.7T  -131  share  price  at  Tuesday’s  close. 

Wa  free  deterge.  Columbia’s  share  fell  $2 

'lAfeuflyCfcfex,  France.  Wednesday,  to  $40.75.  while 

Healthtrust  rose  $2.25  to 

O totsfnMonflJ  HqrakJ  Trftwne  $34.25.  <NYT,  Bloomberg,  AP) 


S.Vr'-i,"  » .v.-;:,-: 


Asia/Pacific 


Appro*,  weighting:  32% 
94PJI.;  12B4PB  Plw^  127.1 1 


North  America 


Approx.  weighting:  2S% 
•4PAL  9336  ftwj  9341 


Approx.  weighting:  37% 
<MP.NL:  111*3  Prow  113*6 


mm 

Latin  Amotion 


Appic6LWE^*)g:5%  ' 1 

04PJIJ 144X7  Prav.1 146.09' 


jjj 


Worid  Index 

77i0  Max  tacks  U.S.  dollar  values  ot  stocks  kt:  Tokyo.  Nm  Yoi*.  London,  and 
Arflentl na,  Auetrolto,  Austria,  Btfghim,  Brazil,  Canada,  Chita,  Oeronaik.  Finland, 
France,  Germany,  Hong  Kong.  Italy,  Mexico,  NeUwtamta,  Nm  Zealand,  Norway. 
Stagapora,  Spain,  Sweden.  Switzerland  and  Venezuela.  For  Tokyo.  Now  York  and 
London,  the  Index  is  composed  cf  the  20  tep  issues  In  terms  at  market  eapsaBxatkxi. 
ottenmse  the  ten  top  stacks  are  tracked. 


[ Industrial  Sectors 

Ned. 

Ptet 

% 

Wad. 

Pmc 

% 

ctast 

data 

chsnge 

don 

don 

dung* 

Energy 

110.76 

111.78 

-021 

Capital  Goods 

112^4 

11326 

-055 

UtWes 

126.80 

12624 

-1.12 

Rsv  Materials 

13227 

13135 

-0.73 

finance 

114H1 

113.67 

+0 3H 

Consumer  Goods 

101.73 

102.17 

-0.43 

Servicn 

117-34 

11804 

-059 

UsceSanaous 

121.84 

12171 

-151 

For  mom  information  about  ttw  Index,  a booklet  Is  avaBebla  freed  cterga. 

Write  to  Trib  tnder,  18  i Avenue  Claries  tie  Gautfe . 92521  Notify  Ceriex,  France. 


Compiled  to  Our  Staff  From  Dispatches 

AMSTERDAM  — Reed  Elsevier  PLC  has 
achieved  its  goal  of  buying  the  Lexis  and 
Nexis  information  services,  but  some  analysts 
said  Wednesday  that  the  British-Duich  media 
conglomerate  bad  paid  loo  high  a price. 

Reed  is  buying  Mead  Data  Central  for  $1.5 
billion,  which  is  about  15  limes  the  company’s 
operating  income.  Analysts  said  that  $1  bil- 
lion was  the  expected  price  for  the  unit,  and  it 
appeared  that  Reed  would  at  least  curtail  its 
pursuit  of  a second  American  media  compa- 
ny, Ziff  Communications  Co. 

in  August,  Reed  Elsevier  said  it  had  ap- 
proached both  companies  about  possible 
takeovers,  part  of  its  plan  to  focus  on  the 
American  business  publishing  industry.  Ziff 
Communications  had  been  put  up  for  sale  by 
the  Ziff  family,  and  Mead  Corp.  decided  to 
sell  its  electronic-information  unit  so  it  could 
focus  on  forest  products. 

Mead  Data  includes  the  Lexis  legal-infor- 
mation data  base,  Nexis  news-data  base  and 
the  Edgar  on-line  distribution  of  Securities  and 
Exchange  Commission  documents.  Mead’s  da- 
tabases comprise  nearly  500  million  docu- 
ments, including  more  than  a decade  of  the 
contents  of  The  New  York  Times,  plus  4,000 
other  news,  legal  and  financial  publications. 

Coupled  with  its  existing  publications,  the 
acquisition  automatically  makes  Reed  Else- 
vier one  of  the  largest  publishers  of  legal 
information  in  the  world. 

On  Wednesday,  Reed  said  it  was  unlikely 
to  buy  all  of  Ziff,  although  it  was  still  interest- 
ed in  pans  of  the  magazine  publisher.  “You 
would  be  wrong  to  reach  the  conclusion  that 
we  had  no  further  interest  in  it,”  said  Nigel 
Stapleton,  chief  financial  officer  of  Elsevier 
NV,  which  along  with  Reed  International 
PLC  owns  Reed  Elsevier. 


Earlier,  Erik  Ekker,  the  Elsevier  company 
secretary,  said  the  company  was  “unlikely  10 
proceed"  with  the  proposed  acquisition  of  Ziff. 
“It’s  a bit  too  much  to  do  two  of  these,”  he  said. 

But  a British  stock  analyst  said:  “Ziff  is  a 
large  lump  to  swallow  for  one  buyer,  and  the 
price  is  probably  too  steep.  They  may  have  no 
choice  except  to  break  it  up.  I think  Reed 
would  be  interested  in  parts  of  it.” 

Yei  while  Reed  Elsevier  was  not  expected 
to  have  trouble  financing  the  Mead  Data 
purchase,  its  debt  ratings  have  come  under 
pressure.  Standard  & Poor’s  Corp.  and 
Moody's  Investors  Service  Inc,  the  two  lead- 
ing credit-rating  agency's  Reed  Elsevier  on 
review  for  possible  downgrades. 

“The  takeover  price  was  disappointing;  it 
was  too  high,”  said  Michael  Molenaar.  an 
analyst  at  Robeco  Effectenbank. 

Mr.  Stapleton  said  the  deal  would  be  fi- 
nanced with  $500  million  in  cash  and  SI 
billion  in  borrowed  funds.  The  acquisition 
comes  just  before  shares  of  Reed  Elsevier  are 
to  be  listed  on  the  New  York  Stock  Exchange 
on  Thursday. 

One  of  Mead's  unique  assets  is  the  exclusive 
right  to  much  of  the  electronic  archival  content 
of  The  New  York  Times.  Mr.  Stapleton  said 
discussions  with  the  newspaper  about  continu- 
ing that  relationship  would  start  immediately. 
"Reed  Elsevier  has  no  competitive  relation- 
ships with  The  New  York  Times,”  he  said, 
"and  we  very  much  hope  we  can  continue  on  in 
the  same  terms  as  Mead  has  enjoyed  in  past.” 

An  analyst  at  Henderson  Crosthwaite  Insti- 
tutional Brokers  said  there  had  been  talk  that 
some  contributors  to  the  Lexis  and  Nexis  net- 
works could  withdraw  their  information  be- 
cause the  system  was  changing  hands. 

MFX  AT1T,  Bloomberg,  Reuters  I 


U.S.  Chip  Group  Losing  Subsidies 


By  Elizabeth  Corcoran 

Wiu/tingitwi  Post  Service 

WASHINGTON  — The 


million  to  technologies  consid- 
ered critical  to  the  defense  in- 
dustry. 

Most  of  the  money  may  still 


TIONAL  MANA 


no  , ,L-  ■ j , Ui  uiv  IIIUUV*  may  ;uu  jniuiCkll  » l\UJU  UCtJUCU  Ui 

support  chip  research,  accord-  July  to  cut  the  government 
Aw  Sit  ins  1°  a senior  defense  official,  funding  and  has  since  been  fi- 

®ul  “there's  no  guarantee  that  nalizinl  the  details.  The  consor- 
I ***  fuU  590  million  stays  in  re-  tium’s  11  member  companies 

ssfsss-——  sssssk—- - 

jSSvTar^s;  jstscrtassrss  :“:-i -s 

“ft  Dtpirlnwm.  &3c3sLB 

which  has  provided  \he  fund-  SSS51 ^Efthe  heIp  lbe  8°**“*?!  “l  lon8' 

ing,  is  likely  to  redirect  its  $90  tenn  r«eareh  pnonues. 

- Sematech  was  founded  in  In  addition,  Sematech  hopes 

1987,  when  the  U.S.  chip  indus-  to  be  a broker  between  govern- 
try  was  staggering  in  the  face  of  menl  funding  agency  and  pn- 
ccmpetition  from  Japanese  vate  companies.  We  believe  we 
companies.  The  government  will  continue  to  be  the  forum 


Different  Drummer  Finds  a New  Beat 


By  Mike  Zwerin 

International  Herald  Tribune 

PARIS  — Two  things  Larry  Ro- 
sen does  not  want  to  do  any 
more  at  the  age  of  54  are  to  nm  a 
large  corporation  and  to  play  the 
drums.  Being  “chairman  emeritus”  suits 
him  just  fine. 

In  1990,  Mr.  Rosen  sold  Grusin  Rosen 
Productions,  the  record  company  he 
founded  with  Dave  Grusin,  a pianist  and 
arranger,  to  MCA  Inc.  for  $40  million. 
When  Matsushita  Electric  Industrial  Co. 
purchased  MCA  less  than  a year  later, 
die  value  of  the  stock  that  they  had 
reluctantiv  accepted  in  the  deal  had  risen 
to  $60  imUion.  Lucky  coincidence? 

Mr,  Rosen’s  five-year  contract  as  pres- 
ident expires  at  year-end.  MCA  asked 
him  to  renew  it.  He  flashed  the  wide 
“winner's  smile”  he  wears  so  well  and 
quoted  his  own  reply:  “Thank  you  very 
much,  but  you  guys  made  me  a very 
wealthy  man  ” 

He  will  leave  to  explore  multimedia 
publishing  in  the  form  of  CD-ROM  com- 
pact disks.  His  new  two-year  contract 
with  MCA  calls  for  him  to  fmd  artists  and 
consult  with  the  new  management 
Messrs.  Grusin  and  Rosen  met  in  the 
late  1950s  while  playing  with  the  New- 
port Youth  Band,  made  up  of  teen-agers 
from  the  New  York  area  hired  by  the 
singer  Andy  Williams.  They  also  played 
with  Henry  (Tbe  “Pink  Panther”  theme) 
Mancini.  By  the  age  of  22,  Mr.  Rosen 
was  making  a good  living  as  a free-lance 
musician.  . . , 

After  marrying  in  1 966,  he  decided  to 
get  off  the  road.  He  built  a two-trade 
studio  in  his  home  in  New  Jersey.  His 
musician  friends  came  out  often  to  re- 
cord. and  he  learned  to  love  sound  engi- 
neering. Not  yet  30,  he  was  landing  well- 
paid  contracts  to  record  jingles  for  radio 
and  TV  commercials. 

Mr.  Rosen  signed  his  first  record  deal 
when  he  sold  a demonstration  record  he 
had  produced  with  an  unknown  young 


singer  to  RCA.  Wanting  to  “sweeten  it 
up”  with  strings,  he  hired  Mr.  Grusin  to 
write  the  arrangements  and  direct  the 
session.  They  were  soon  putting  pack- 
ages together  as  Grusin  Rosen  Produc- 
tions. 

Dr.  George  Butler  of  Blue  Note  Re- 
cords sent  over  a young  guitarist  named 
Earl  Klugh  for  evaluation.  The  new  pro- 
duction team  decided  to  record  him  on 


:'v  . -£*’  - •• 


if* 

s* 


' k. 


Larry  Rosen 

acoustic  guitar,  something  that  was  not 
PC  in  the  early  ’70s.  All  three  Klugh 
albums  sold  very  well  indeed. 

Mr.  Rosen  literally  bumped  into  Clive 
Davis,  the  president  of  Arista  Records, 
getting  cm  an  airplane  (another  coinci- 
dence). Mr.  Davis  suggested  they  join 
forces.  What  would  become  (he  indepen- 
dent GRP  Records  began  by  delivering 
fully  engineered  and  mixed  master  tapes 
to  Arista  for  manufacture,  release,  pub- 
licity and  distribution.  The  GRP  logo 
was  on  the  package. 


The  jazz  that  was  making  them  so  suc- 
cessful was  in  fact  closer  to  instrumental 
pop  and  commercial  rock-fusion,  with 
top-of-the-line  people  such  as  Lee  Riten- 
auer,  Spyro  Gyra.  tbe  YeUowjackets  and 
Chick  Corea.  Tom  Browne’s  “Funkin’  for 
Jamaica”  sold  700,000  units,  enormous 
even  for  commercial  jazz. 

In  1979,  they  heard  about  an  engineer 
in  Salt  Lake  City,  Utah,  who  bad  rigged  a 
computer  to  translate  analog  sound  into 
numbers:  digital  sound.  They  flew  him 
and  his  machine  into  New  York  and 
immediately  recognized  the  result  as  “a 
giant  step  forward.” 

The  technology  was  ahead  of  its  time. 
Because  no  medium  existed  for  digital 
sound,  the  music  had  to  be  transferred 
back  to  analog  records  at  great  cost  to 
quality.  The  extra  process  cost  $7,500  an 
album,  a price  Arista  refused  to  continue 
paying,  since  most  of  the  quality  was 
bang  lost  anyway.  With  a policy  of  “this 
is  the  future”  and  a new  logo  “The  Digital 
Master  Company,”  GRP  struck  out  on  its 
own.  The  compact  disk  did  not  exist 

In  the  early  1980s,  Sony  Corp.  and 
Philips  NV  came  to  the  United  States  10 
demonstrate  their  new  digital  sound  pro- 
cess. There  was  hardly  any  software. 
GRP  produced  a demonstration  CD  of 
songs  associated  with  Glenn  Miller 
called  “In  the  Digital  Mood,”  which  was 
used,  along  with  samplers  from  tbe  man- 
ufacturers, to  demonstrate  tbe  improved 
sound. 

Because  of  that  this-is-tbe-future  poli- 
cy. GRP  was  the  only  company  with  an 
inventory  of  digital  master  tapes.  Their 
people  sent  the  tapes  to  be  manufactured 
in  Japan  and  imported  the  CDs. 

If  they  ordered  3,000,  they  sold  8,000; 
when  they  ordered  10,000, ’by  the  time 
the  albums  came  in  they  had  sold  20.000. 
Mr.  Rosen  smiles,  as  though  embar- 
rassed by  how  good  it  looks  in  retrospect. 

See  ROSEN,  Page  16 


memory  chips  and  processors. 
That  funding  had  been  trimmed 
to  $90  million  apiece  two  years 
ago. 

In  the  past  few  years,  U.S. 
chip  makers  have  staged  an  im- 
pressive comeback  in  world 
markets.  Sematech  has  claimed 
much  of  the  credit  But  compa- 
nies have  also  improved  tbe 


ficer  at  Sematech. 

Sematech's  chief  executive 
officer  William  Spencer  was  ex- 
pected to  say  that  the  compa- 
ny’s supporters  in  Congress  had 
urged  it  to  come  forward  with  a 
new  model  that  ended  direct 
federal  funding  and  that  the 
company  had  “answered  that 
challenge.” 


TO  OUR  READERS  IN  LUXEMBOURG 

It's  never  been  easier  to  subscribe 
and  save.  Just  call  toll-free: 

0 800  2703 


Paze  11 


Germany  Loses 
Quota  Ruling  in 
EU  Banana  Case 


quality  and  design  of  their 
products  on  their  own.  said  in- 
dustry analysts. 

Sematech’s  board  decided  in 


By  Tom  Buerkle 

International  Herald  Tribune 

BRUSSELS — Germany  lost 
a legal  bid  Wednesday  to  over- 
. turn  the  European'  Union's 
quotas  on  banana  imports.  But 
far  from  resolving  the  bitterly 
contested  issue,  the  ruling  raav 
turn  it  into  an  early  test  case  for 
new  global  trade  rules,  officials 
said. 

The  decision  also  raised  the 
possibility  of  a banana  war  be- 
tween the  United  States  and 
Europe.  European  and  Ameri- 
can officials  said. 

Chiquita  Brands  Internation- 
al has  asked  the  U.S.  Trade 
Representative’s  Office  to  open 
an  investigation  into  aspects  of 
the  EU  quota  system. 

“This  is  a test  case.”  said 
Claudio  Riedel  Telge,  ambassa- 
dor to  the  European  Union  for 
Guatemala,  which  has  fought 
the  quotas  since  the  Union  im- 
posed them  in  July  1993. 

In  its  ruling,  the  European 
Court  of  Justice  said  EU  import 
quotas  on  Latin  American  pro- 
ducers were  justified  to  protect 
Europe’s  few  producers  as  well 
as  growers  in  more  than  a dozen 
African  and  Caribbean  coun- 
tries that  have  preferential 
trade  relations  with  the  Union. 

Britain  and  France  have  been 
the  staunchest  supporters  of 
these  countries,  many  of  which 
are  their  former  colonies. 

But  the  ruling  was  a big  set- 
back for  Germany,  which  is  by 
far  Europe’s  biggest  consumer. 


Germany,  which  had  no  pre- 
vious import  restraints,  has 
seen  retail  prices  surge  60  per- 
cent. to  about  3.3U  Deutsche 
marks  (52)  a kilogram  since  the 
quotas  began. 

Germany  traditionally  has 
bought  the  bulk  of  its  bananas 
from  more  competitive  Latin 
American  producers,  the  main 
growers  affected  by  the  quotas. 

Mr.  Riedel  reiterated  a threat 
made  this  year  by  five  Latin 
American  countries  including 
Guatemala.  Panama  and  Ecua- 
dor. the  world's  biggest  banana 
grower,  to  attack  the  EU  quotas 
in  the  World  Trade  Organiza- 
tion unless  (heir  access  to  the 
EU  market  is  expanded. 

The  existing  trade  hodv.  the 
General  Agreement  on  Tariffs 
and  Trade,  has  ruled  twice  that 
the  quotas  arc  illegal  but  has  no 
power  to  enforce  ’those  rulingv 
The  WTO.  which  will  replace 
GATT  next  year,  will  be  able  to 
enforce  rulings. 

While  German  officials  va\ 
they1  amid  not  openly  fight  EU 
rules  in  j global  fonim  such  as 
the  WTO,  they  say  the  threat  of 
such  action  could  help  Bonn 
persuade  its  EU  partners  to  set 
more  generous  quotas. 

U.S.  officials  said  they  hoped 
the  threat  of  trade  retaliation, 
either  unilaterally  or  through 
the  WTO,  would"  persuade  the 
Union  to  overhaul  its  quota  re- 
gime. 

*i’m  sure  if  nothing  is  re- 
solved, it  will  go  to  the  WTO." 
one  U.S.  official  said. 


and  industry  agreed  to  contrib-  foT  developing  an  industrywide 
ute  $100  million  a vear  to  bol-  consensus  on  future  technology 
ster  research  on  tools  and  tech-  requirements,  said  Frank 
niques  for  making  sophisticated  Sqmr«- chief  admimstrauve  of- 


Kazarian  Tries  Again 
To  Acquire  Borden 

Compiled  by  Our  Staff  From  Dispatches 

COLUMBUS,  Ohio  — Paul  Kazarian,  chief  of  Japonica 
Partners  & Co-,  said  Wednesday  he  was  preparing  a detailed 
bid  for  a stake  in  Borden  Inc.,  the  beleaguered  food  and  dairy- 
giant,  even  though  the  company’s  board  recommended  that 
shareholders  approve  a takeover  bid  from  Kohl  berg.  Kravis. 
Roberts  & Co. 

In  a letter  to  Borden,  Mr.  Kazarian  offered  no  details,  but  a 
spokesman  said  those  would  be  contained  in  a proposal  “in 
the  next  few  weeks  ” 

Barden  had  no  official  response. 

On  Sept.  24,  Borden  said  it  had  signed  an  agreement  to  sell 
itself  for  $2  billion  to  Kohlberg.  Kravis,  which  had  brushed 
off  last-minute  overtures  from  Japonica  Partners,  which  is 
headed  by  Mr.  Kazarian. 

Under  KKR’s  offer,  the  stockholders  would  receive  $14.25 
of  shares  in  RJR  Nabisco  Holdings  Corp-  f°r  every  Borden 
share. 

Previously,  Mr.  Kazarian  said  he  wanted  help  from  the 
board  in  picking  from  a variety  of  proposals  that  could  give 
Borden  shareholders  $16  to  $i8  a share  in  exchange  for  as 
much  as  90  percent  of  die  company. 

Borden  has  declined  to  help  or  to  open  its  books  until  Mr. 
Kazarian  signs  a confidentiality  agreement  and  provides  a 
detailed  proposal  with  evidence  of  financing. 

“We  recognize  it’s  incumbent  upon  us  to  develop  a propos- 
al,” said  Mr.  Kazarian's  spokesman.  Richard  Nicolazzo. 

Japonica  Partners  sold  a description  of  the  plan's  financing 
would  “follow  the  determination  of  a transaction  structure." 

„ i Bloomberg,  AP.  Knighi-RUder) 


CURRENCY  & INTEREST  RATES 


Cross  Rates  Octs 

5 f DM.  FT.  Lira  D.F1  B.F.  iF.  Yen  CS  Peseta 
ftmtftrtom  ijd  wo  un  tsn  — SOP  ijsi  i»‘  I3*i- 

B russets  11  tvs  SUDS  3057S  itBiS  Z*32*  11SM  UK  SMI  3£5  juts- 

Frankfurt  lie  K51  U9»  WKB-  U*»  AW  1JM  TJO*  IMP  13BW 

Loacfoa  (a)  1.SS  1409  Ull  1/IBSt  ZUB  «49H  10293  1S7J9  1UE  XUf 

Madrid  1210*9  301X99  BW  31273  Old*  7UU  U»  HQ 046  RUB-  94.937  

Mi  loo  IJ7M0  1WS  U>I2J*  29741  W94J  49419  JJZ7.II  15784  1.U&75  12161 


Eurocurrency  Deposits 


I JUS  31.73  1J79J  99J1  U4»  130 

3jB9J7  0.16*1  41319  SJ0B»  Ull  4.131* 

57 J*  1QM  77J9  713«  OJK 

OJ799  UJli*  lJSfc  1J3I-  1X53* 

07403  4JCB4-  USS3  * 0.9409  1W 


New  York  <t»  lisa  a li*45  S27i  liKlflO  17395  31.73  IJ79S  Nil  13453  130 

Part*  £J74  U0J  3.41*9  (LSJM*  16507  0.16*1  41319  SJOB*  Ull  4.131* 

Tokyo  ».e  157  J3  ms  iu  la  57 ji  xqm  77 J9  — - ns>  dtm 

Toronto  UMt  2.13ft  QS779  02564  MK>-  07799  B4H4-  10539  IJS31  • 1053* 

Zurich  IJ77S  2J53S1  *CB7  03439  0814  - 07483  4XCB4  * UBS3*  0.9409  Imr 

9 ECU  1J4J3  07039  lJ1*»  05565  W43  11493  39,00  1J9«J  121697  1*264  15».W! 

I SDR  14645  0.9235  1206  7736  239643  15318  46205  U7tl  146361  1.9971  187X33 

Closings  m Amsterdam.  London.  Netr  York  and  Zurich.  (Ivinas  in  other  centers;  Toronto 
rotes  ot  Jpjjl 

a:  To  Ouv  one  pound;  b:  To  bur  one  dollar;  *.-  Units  of  100;  MG..-  not  Booted;  not 
a vaHaM* 


Dollar 

D-Mark 

Swiss 

Fninc 

Sterling 

French 

Franc 

1 month 

4"*Wdl. 

4X0-5 

3^-4 

S’Y-5** 

Smooths 

5V5V» 

5"9-5’« 

4Vk-4'li 

Fb-6 

5 'ir5 

6 months 

5*0-  5%. 

5'^-Sta 

4i*-43* 

6 •>*  "« 

5 “ r5  " 

l mo- 

6 V. 

5 ’‘ir-5 

4*0-41. 

7 V7  -! 

6 :.-6 

So tnces;  heaters,  Ueyvts  Bonk 

hates  mxottcobte  to  Interbank  deoostts  Ot  SI  mutton  mtnkrwm  lor  tBvfvatcvtt. 


Ollier  Dollar  Values 


Currency  Per* 
Arseni,  peso  JW4 
Austral,  s 1-3571 
Austr.  SOUL  10465 
Brazil  real  0A5 
Chinese  man  kJil3 
Czech  koruna  2728 
Danish  krone  6B5T4 
Eevpt.iMMnd  1384 
Fin.  mnmjra  4J04 


Currency  Per  t 

Greek  droe.  235x0 
HenoKoaos  7-7773 
Mono,  forint  107.97 
1 nd  tan  rupee  31 JJ 
Indo.  rupiah  117X01 

Irish  6 CU.T74 

UraeJt  iftet  aac 
Kawotll  dinar  82976 
Malay,  rloo.  2665 


Currency  Per* 
Mex.  peso  3X1 
N.  Zealand  * 1*57 

Non*,  krone  64)514 
Phil,  peso  2555 
Polish  UOtY  23316. 
Port,  escudo  15758 
RlHS.n>Ble  29QU0 
Sauffi  rtyal  U517 
Slr*».  5 1X75 


Currency  Perl 
S.  A fr.  rand  35715 
5.  Kor.  won  799.10 
Swedkrana  7572 
Tahran  S 26.17 

Thaibofil  25J» 

TurkJin  liro  34194. 
UAe«rTwm  35777 
VtaecMIt.  19280 


Forward  Rates 


Currency 
Pound  Sterling 
Deutsche  mark 
Swiss  hunt 


KHicnr  6Moy  JOtaoy 

15053  15846  1580 

15452  15457  15466 

15KH  12835  12852 


Currency 
Canadian  dollar 
Japanese  yea 


39-day  itbdar  9Moy 
15461  U4i2  15467 
9M7  0958  «57 


Sources.-  ING  Bank  (Amsterdam!:  Inaosuet  Bank  i Brussels);  Banco Corrmerdete  llollano 
1 Mi  tool;  Agents  France  Presse  (Ports);  Bank  at  Tokro  (Tokyo);  ROM  Bank  at  Canada 
(Toronto);  IMF  (SDR).  Other  data  from  Reuters  ondAP. 


Key  Money  Rates 

United  States  Close 

Discount  rate  4.00 

Prtmeeote  7%» 

Federal  land*  4** 

XnamitCDs  430 

Comm,  paper  in  dam  550 

3-mpntti  Treasury  bUI  4.95 

1- yeor  Treasury  Mil  173 

2- mar  Treasury  note  6.70 

5- vear  Treasury  note  7X2 

7-mar  Treasury  note  7X5 

16-year  Treasury  note  ?J5 

38-mar  Treasury  bond  7.94 

Merrill  Lynch  38day  Ready  asset  4.13 
Japan 

Discount  rata  IV 

Can  money  116 

Ixnontti  Intermits  2 V 

3- moath  Woman*  2 V 

6- ntonih  Interbank  TH 

16-mar  Ooreromenl  hood  <67 

Oermany 

Lombard  rale  6JW 

Calf  money  5 JO 

l-ntonth  taterbank  5.00 

JxnwjJh  htFerhonk  516 

4- tnonBi  interbank  5J0 

18-year  Bond  7J6 


Britain 

Bank  Base  rate  5 V ju 

Can  money  5-,  51- 

i-montti  hmrbank  5 ■.  £'; 

Sxncnlti Interbank  0 .,  500 

4- month  inrernank  (Xa  9-. 

10-yeor  GHT  g.9?  Ml 

France 

littervmilon  role  500  jpg 

Can  money  5:.,  5,, 

l-monlh  Interbank  5 ■«  jt. 

5- moflta  imerbank  5 ■ , ji. 

4-month  latertxmk  5-,  jtj 

I8»ear  OAT  gj;  122 

Sources:  Reuters.  Bloomberg.  Alerrlli 
Lynch.  Bank  ot  Tokyo . Commerecan*. 
Greennetl  Montagu,  Credit  L rannols. 


Gold 

AJh.  PM.  Cit'ge 

Zurich  392iS  3917S  +025 

London  392.15  3»ito  +1*5 

New  York  395x0  3*520  —0.40 

UJi  dollars  net  ounce.  LondMi  official  In- 

inas: Zurich  and  Ne*r  York  openara  ana  clos- 
ing arises;  New  rw*  Came.  (December.; 
Source:  heaters. 


tCk  a r 

v:  e 


V \J 


1 1.9 

\%7f\l  1 1 /ill  t 

¥ V \Jr  Lfl'XVi li  t 


British  Airways 


The  worlds  favourite  airline^ 


4 


sag e 12 


INTERNATIONAL  HERALD  TRIBUNE,  THURSDAY,  OCTOBER  6, 1994 


MARKET  DIARY 


Inflation  Concerns 
Push  Dollar  Down 


Compiled  by  Our  Staff  From  Dtspadws 

NEW  YORK  — The  dollar 
slid  against  most  other  major 
currencies  Wednesday  as  a 
stronger-than-expected  in- 
crease in  U.S.  factory  orders 
ignited  a new  round  of  inflation 
worries. 

Orders  to  American  manu- 
facturers surged  4.4  percent  in 

Foreign  Exchange 

August,  while  shipments  posted 
the  biggest  gain  in  IS  years. 

The  news  pushed  up  bond 
yields  and  sent  blue-chip  share 
prices  tumbling. 

“The  dollar  followed  the 
bond  and  stock  market,"  said 
David  Wilson  of  Credit  Lyon- 
nais in  New  York. 

The  dollar  was  at  1.5430 
Deutsche  marks,  down  from 
1.5457  DM  on  Tuesday,  and 


99.50  yen,  down  from  99.63  yen 
Tuesday. 

“The  dollar  followed  the 
bond  and  stock  market"  said 
David  Wilson  of  Credit  Lyon- 
nais in  New  York. 

The  dollar  slipped  to  52725 
French  francs  from  5.2863 
Tuesday  and  to  12780  Swiss 
francs  from  1.2845  francs.  The 

Sound  W3S  at  $ 1.5865,  up  from 
1.5815. 

The  financial  markets  are 
awaiting  U.S.  unemployment 
figures  for  September,  which 
could  indicate  whether  the  Fed- 
eral Reserve  System's  policy- 
makers will  tighten  monetary 
policy. 

Analysis  are  expecting  unem- 
ployment to  fall  from  6.1  per- 
cent in  August  to  5.9  percent 
this  month,  with  300,000  new 
jobs  created.  (AFP.  Reuters) , 


Via  Amcfatad  An 


00.3 


The  Dow 


Dally  dosings  of '8*6 
Dow!  Jones  industrial  average*. 


A Iff  t J A :S  . .O* 

isw..  .• 


Dow  Jones  Averages 


□pan  HWl  Low  L 00  ClTB. 

Indus  379662  3807.14  374757  3787 J*  —13.79 
Trans  14950  145969  1 434.40  1 6063 —1560 
U!B  I7BJ9  178.48  174.97  177.94  —0-77 
Cornu  174144 12U45  134913  175952  —7  M 


Standard  A Poor's  Indexes 


PmK»  Today 

HWl  LM  0944  3 JO 

Industrials  SStSO  mS3  537.12  53S45 

TrohSP.  34059  3SW5  354 AS  349.15 

Utilities  151.73  149.01  14944  14343 

Finance  4101  42319  42.14  41JB 

SP  500  44244  45403  45469  40H 

5P100  427 J1  41942  42050  42058 


NYSE  Indexes 


Htfi  lm  Last  dig. 

Ccrnooslle  25144  24L51  25034  —1.10 

fodusJrfols  31 £51  311.95  31457  —154 

Tma.  ma  224.10  22545  —247 

Utility  20149  199  33  20047  — 1 .00 

Finance  202X5  200JJ7  201,19  —154 


EUROPEAN  FUTURES 


Metals 


PrevfMH 
BIO  Aik 


Close 

SM  Ask 
ALUMINUM  (HMl  Grade) 

Dalian  par  metric  ten 
Suol  142550  142550  141500  IA17JD0 

Forward  16*5X0  164500  16*0-08  1641 in 

COPPER  CATHODES  IKWl  Grade] 

Dollars  uer  metric  tat 

909  nr  Tonnq  5*07X0  2*jWnfl 

2SVX  253000  2S14JB  2S1SX0 


■ metric  ton 

42550  62950  52500  629.00 
64300  64400  64200  64250 


Soot 
Forward 
LEAD 
Dollars  p 
Spot 

Foorord 
HICKEL 
Dollars  per  metric  too 

Soot  645500  64*500  630000  631000 

Forward  454000  454500  640500  441000 

Dollars  per  metric  tan 
Spat  538000  539000  534500  535500 

Forward  546500  547000  543000  543500 

ZJNC  (Special  High  Grade) 

Dollars  par  metric  tan 

soot  KMaoa  km  1.00  lasxo  103*50 

Forward  10*300  106400  105700  105500 


NASDAQ  Indexes 


Financial 

HWl  Law  Close  arewe 
3-M0NTH  STERLING  CUFF6) 

<580000 -ptiaMOO  pU 


NYSE  Most  Actives 


MARKET:  Interest  Rate  Jitters 


Continued  from  Page  1 
value  of  fixed-income  securi- 
ties. 

The  Dow  Jones  industrial  av- 
erage fell  13.47  points  Wednes- 
day, to  3,78734,  and  was  down 
6739  for  the  week.  Losing  is- 
sues outnumbered  gaining  ones 
by  a 4-io-l  ratio  on  the  New 
York  Stock  Exchange. 

The  yield  on  the  benchmark 
30-year  Treasury  bond  jumped 
to  7.94  percent  From  7.88  per- 

U.S.  Stocks 

cent  Tuesday.  The  price  fell 
22/32  point,  to  94  30/32. 

Analysts  said  the  slump  in 
the  bond  market  was  likely  to 
continue  until  investors  were 
convinced  that  the  Fed  was  be- 
ing vigilant  in  its  fight  against 
inflation. 

Many  criticized  the  central 
bank's  previous  rate  increases 
as  being  too  small  and  too  nu- 
merous to  have  a significant 
economic  impact. 

“We’ve  seen  this  dance  be- 
fore,” said  Kevin  McCiintock, 
who  manages  fixed-income  in- 
vestments at  Aeltus  Investment 
Management  Inc.  in  Hartford, 


For  investment 
information 

Read 

the  MONEY  REPORT 
every  Saturday 
in  the  IHT 


Connecticut.  “The  Fed  tightens 
incrementally,  and  the  econo- 
my doesn't  react." 

The  stocks  of  economically 
sensitive  companies,  which  tend 
to  respond  quickly  to  interest- 
rate  changes  on  the  theory  that 
higher  rates  will  choke  off  sales, 
took  the  brunt  of  the  losses. 

Motorola  was  the  most  ac- 
tively traded  stock  on  the  Big' 
Board,  leading  a broad  drop  inr| 
semiconductor  issues.  i 

Intel  Advanced  Micro  De-: 
vices  and  Compaq  Computer: 
also  were  among  the  high-tech-, 
nology  losers. 

Among  other  individual  is- 
sues, AMR,  the  parent  compa- 
ny of  American  Airlines,  fell 
after  being  lowered  to  a “hold”* 
from  a “buy”  by  CS  First  Bos- 
ton. 

Cott.  which  makes  private- 
label  beverages,  fell  after  it  was 
lowered  to  “market  performed' 
from  “buy”  at  Oppenheimer  & 
Co.  Oppenheimer  and  Lehman 
Brothers  both  lowered  earnings 
estimates  for  the  company. 

Rexworks  fell  after  the  U.S. 
Army  canceled  a five-year  soil- 
compactor  supply  contract  val- 
ued at  a maximum  of  $32  mil- 
lion. The  work  was  instead 
awarded  to  Caterpillar,  whose 
shares  also  fell. 

Alteon  rose  after  the  pharma- 
ceutical company  said  it  had 
been  granted  a European  pat- 
ent covering  its  technology  that 
helps  treat  diseases  associated 
with  diabetes  and  aging. 

American  Medical  Electron- 
ics. which  makes  products  for 
bone  healing,  fell  after  it  said 
third-quarter  earnings  would  be 
below  analysts’  expectations. 

(AP.  Bloomberg,  Reuters) 


Com  DOBS 
Motorfos 
AAierTc  1 
GnAAatr 
WaJMart 

TeWte* 

Hltntrust 

Mero. 

ForOMf 

CrtHCA 

GenEI » 

SCEcp 

AMD 

Unisys 

IBM 


VaL  HWl 
51265  22 Vj 
47B43  50V5 
43320  33% 
41992  *5% 
38921  23  H 
3*770  409* 
34280  35 
339S9  34V* 
33364  27% 
30028  42V. 
28897  47%. 
27478  13*4. 
27039  25V. 
24770  111* 
3*542  49% 


LOW 

30% 

49 

31 

44% 

22% 

SOW 

33% 

35% 

26% 

40 

46% 

13 

24% 

TO% 

67% 


Lost 
32% 
50% 
33',, 
*£% 
23 'A 
60% 
34% 
36 
27% 
40% 
47% 
13% 
25% 
11% 
69% 


+ H 

— r» 
*2% 
* % 
♦ % 
— % 
+ 2% 
— % 
*Vi 
—2 
♦ % 
— % 


, NASDAQ  Most  Actives 


Dee 

0X1 

93.16 

010 

— 062 

High 

LO0 

Chg- 

92J1 

WM 

9225 

— 0J33 

Jon 

9165 

91X9 

91X9 

Carnposite 

74566 

738.17 

745.66 

— 164 

5ep 

91.19 

91.13 

91.14 

— 064 

75764 

751.90 

75764 

—364 

069 

00 

9063 

— 065 

Banks 

75137 

74A10 

748.10 

—6.69 

Mar 

9045 

9060 

9062 

-004 

Insurance 

930X9 

925.09 

92664 

—6X6 

Jun 

9064 

*69 

060 

-0.8J 

Finance 

91868 

91169 

912.0 

—961 

Sep 

068 

9063 

064 

— OQ3 

694.19 

491X4 

49561 

— 4J38 

Dec 

9063 

90J9 

9062 

Unch. 

Jon 

Sep 

Est.  VO 

0X2 

90JE 

9069 

AMEX  Stock  Index 

061  0X6  0X8  —004 

ume:  44649.  Open  Ini.:  491881 

HWl  Low  Last  Ore. 
45X82  *49X9  451.11  —2X0 


Dow  Jones  Bond  Averages 


20  Bends 
is  utnttfes 
10  industrials 


Prwrt— » Today 

Close  Noon 

9472  9*54 

91.86  9175 

101.99  10134 


VOL  H%h 

Iw 

Last 

Cho. 

Intel 

840BD  59% 

57% 

58*6 

+ % 

Cscas 

68387  24*4 

25% 

24% 

— V. 

AppleC 

63132  38% 

33% 

37% 

+ 4% 

CottCp 

36313  11% 

10% 

1t«Vu 

— ,Vu 

Nowell 

33775  l**i 

1**9 

14*5 

+ % 

AAkstt  s 

31807  55V. 

s*% 

55% 

+ % 

Informix 

31673  27% 

25% 

27% 

+ V/M 

i\Aetnan.« 

31447  1714 

14% 

16% 

— % 

Oroclos 

3000*  fl’. 

<1% 

42% 

+ % 

intaDv 

■ .UiBI  Y 

17% 

18*4 

NC4GVPS 

35 

35% 

—1% 

3Com  s 

34 

37 

+ 1% 

AST 

12% 

12% 

H 

AAO 

E • ,-,E 

72V, 

24W» 

+ *4 

Woffftts 

27783  19% 

18% 

i«yh 

+ %. 

AMEX  Most  Actives 


V«. 

HMl 

Law 

Last 

ova. 

Viacvrt 

34*0* 

1% 

Vices 

18083 

9330 

— % 

XieySIts 

4423 

9V, 

914 

9% 

— % 

*419  459,4, 

+ Uu 

rioavn 

4508  39% 

— % 

Man 

3854 

7 

4% 

— %. 

34*4 

% 

% 

— Vn. 

-AmPr 

3219 

9 1% 

3007 

7% 

7% 

7% 

— % 

NYSE  Diary 


MMNTH  EURODOLLARS  CUFFEJ 
si  million  - pis  of  1*8  Pd 


Dec 

9US 

095 

00 

Mar 

040 

9X59 

9365 

Jee 

N.T. 

N.T. 

012 

Sep 

N.T. 

N.T. 

9261 

Advcnoed 

Declined 

UnctiOTgod 

Total  issues 

NewHfigns 

NewLmws 


Close  Prev. 
540  542 

]7£3  1736 

565  595 

2848  2873 

t 30 
243  123 


AMEX  Diary 


Advanced 

172 

191 

Declined 

421 

Unchanged 

228 

20* 

Total  issues 

003 

814 

New  Highs 

3 

13 

New  Laws 

44 

28 

NASDAQ  Diary 


Market  Sales 


Today 

4:00 

NYSE  399.60 

Amex  2037 

Nnsdaa  320.12 

In  millions. 


405X7 

•Mun 

TWIW 


Advanced 
Declined 
Unchanged 
Toted  issues 
NewHWa 
New  Lows 


1199  1090 

2061  2201 
1831  1795 

5061  50B4 

36  87 

140  109 


Spot  Commodities 


Commodity 
Aluminum,  lb 
Copper  atearatrtlc.il> 

Iron  fob.  tan 

Lead,  lb 
Sliver,  troy  az 
Steel  (sctopI,  tan 
Tin,  lb 
Zinc.  ID 


Today 

Prev. 

0X38 

0X33 

10 

1.19 

21360 

21100 

062 

042 

£415 

560 

110.17 

11X17 

NA 

05154 

0505 

Est.  volume:  446.  Open"  Ini.:  3740. 
3-MONTH  EUROMARKS  (LIFFE) 

DMi  million  - Ms  at  loo  eo 
Dec  9463  94 60  9461  — 0LO2 

Mar  9421  9417  9*70  — 0J1 

Am  9X39  9X74  9176  —003 

Sep  9X41  9X35  9X38  — 0X4 

Dec  9110  9X03  9106  — OX? 

Mar  9279  9274  9274  —007 

Jim  9X7D  9276  9277  — cut? 

Sep  9155  9150  9279  — 003 

Dec  9139  7132  9135  — 008 

Mar  9126  9125  9122  —(L08 

Jan  9115  92.12  9279  —078 

SOP  9103  9100  9270  — DJM 

EM.  volume:  79,941.  Open  bit:  700714 
3660  NTH  PI  BOR  I MAT  I FI 
FF3  monoa  - pis  of  we  pcj 
Dee  9403  9X95  9X97  —078 

Mar  9355  9364  9X47  —110 

Jon  93.15  9375  9377  — 0.10 

Sep  9271  9173  9175  —079 

Dec  9252  9145  9147  — 070 

Mar  9270  9125  9126  — 0J» 

Jim  9114  9105  9107  —070 

Sep  91.98  9172  9174  —077 

Ejt.  volume:  50375.  Open  InL;  149565. 
LONG  GILT  (LIFFE) 

BUN  - Ms  A 32MS  at  1M  pet 
DOC  99-12  98-26  9901  —848 

Mar  N.T.  N.T.  98-13  — 0-08 

Est.  volume:  51450.  Open  inf.:  99.048. 
GERMAN  GOVERNMENT  BUND  (LIFFEJ 
DM  25U08  • pts  ailtO  pet 

DOC  B8XS  8775  87.«0  —0*4 

Mar  8774  07  JC  1722  — (M3 

Est.  volume:  124,914  Open  ini.:  154602. 
10-TEAR  FRENCH  GOV.  BONDS  CMATIF] 


PF500AW 

DOC 

Pts  of  100  Pd 
11060  10960 

10966 

— n*2 

Mar 

1090 

10XB4 

10862 

— 060 

Jon 

10864 

10864 

108.1B 

—060 

5ep 

N.T. 

N.T. 

N.T. 

Uneh. 

HMi  Low  Last  SaNte  OTOe 

APT  15850  15870  15B50  15850  — 050 

May  N.T.  N.T.  N.T.  15750  —OSB 

Jana  13473  15*00  15470  15175  —050 

July  N.T.  N.T.  N.T.  154JS  —050 

Est.  volume:  14653.  Open  Hit.  109.149 


BRENT  CRUDE  OIL  (IRE) 

IM.  denars  per  bamHeis  el  UN  barrels 
NOV  1454  1470  1476  I4J7  — OD7 

Dec  1471  UJ0  1677  1677  — 0J3S 

JOB  1676  1674  16.92  1454  —(US' 

16.95  1676  14,99  MM  +074 
Mer  1479  1673  1476  1679  + 003 

APT  1654  1475  1676  1654  +058 

May  1672  14.92  1672  1454  +BjOB 

Jon  1451  1650  1490  1674  +078 

JIT  1479  1479  1472  14.94  +776 

Aua  N.T,  N.T.  _ ■” 


ss 


N.T.  1676  +006 
N.T.  N.T.  N.T.  14.94  +076 
N.T.  N.T.  N.T.  1474  +076 
Est.  volume:  38607 . Open  InL  154744 


Stock  Indexes 


FTSE 

asm 

Dec! 


ramcupK) 

■er  Mac  pom 


Law  Close  Cftmge 


2994.0  29557  29747  -457 
30145  2999 JJ  29987  — <55 
Est.  voiuma:  17510.  Open  Int.:  55,967. 

CAC  48  (MAT IP) 

FF3W  par  Index  point 

Oct  184850  183670  184150  -4550 

Nay  187050  185050  18*950  -4550 

Dec  1BHL50  15S7X0  I8585D  -45X0 

Mar  190*50  188650  188*50  -4550 

JOB  N.T.  N.T.  187050  -4550 

Estvetume:  2S044.  Open  In*.:  4*120 
Sources:  Motif.  AssoclatoO  Press. 
London  Inn  Financial  Futuna  Exchange, 
Inn  Petroleum  Exchange. 


U.S. /AT  THE  CLOSE 


Dividends 


Company 


Per  Amt  Pay  Roc 


IRREGULAR 


Est.  volume:  158546.  Open  Int.:  139765. 


Industrials 

High  low  Lost  Sente  Ch-ge 
GASOIL  (IPE) 

UX.  dollars  per  metric  toa-lats  of  180  tens 
Oct  15150  15250  1527S  15X7S  —675 

Nov  15650  15450  15550  T5550  —150 

Dee  15850  15750  1S7X5  15775  — ITS 

Jem  15975  15850  15950  15956  —150 

M 14050  15950  15975  160.00  —150 

Mar  14029  15975  16G00  14050  — 075 


EngCiilnaOav  c 7159 

Pltolm  Prime  Rt  _ 5625 

RTZCoPLCAOR  C 5948 

Stien  Transp  ADR  c 1712 

oamprax  omtpcr  ADR. 

REGULAR 

AmerCap  IncTr  M 5537 

Cmmmmti  SvgBk  _ .10 

Hatiarai  IncSecs  m .115 

Jocxpot  Enters*  O .08 

Lance  Inc  O X* 

Lilly  indsA  0 57 

Mark  Twain  Bahs  Q 54 

Merry  Ld  inv  o JS 

NewAmer  HiincFd  M 5*5 

NewYork  TxExinc  M 553 

Oxford  Inds  O .18 

Patriot  PrmDtvl  M 5647 

Rite  AJd  g .15 

Templeton  Glblne  M 55 

VanKamM  CAOtty  M 5875 

VcnKomM  FUMUP  M 5654 

VanKamM  FLQttv  M 5875 

VanKamM  IntHllne  M 5785 

VanKamM  1 nvGflCA  M 577 

VanKamM  InvGdFL  M 578 

VanKamM  invGdNJ  M 577 

VanKamM 

invGdNV  M 585 

VanKamM  invGdPA  M 583 

VanKamM  LfdHllnc  M .10 

VanKamM  MA- 

VoTTr  M 569 

VanKamM  ManOp- 
Pll  M 575 

VanKamM  MunOpp  M 545 

VanKamM  MunTr  M 593 

VanKamM 

NJVatMn  M 545 

VonltamM  NY  Qtty  M 5875 

VanKamM  NY- 

VaJMn  M 5 45 

VanKamM  OH- 

VoIMn  M 564 

VanKamM  OHGttv  M 582 

VanKamM  PA- 

ValMn  M 5485 

VanKamM  PAQKv  M 591 

VanKamM  SelSectM  M 549 

VanKamM  StratSact  M 5782 

VOnkamM  TrmsMn  M 5875 

VanKamM  TrlnvGd  M 595 

VOnKamM  ValMun  M 576 

WOad  Bcp  O 57S 


10-13 

10-11 

10-13 

10-13 


10-14 

10- 7 
10-1* 
10-1* 

11- 1 
12-12 
10-21 
12-15 
10-17 

10- 17 

11- 14 
ID-19 
10-17 
10-17 
10-14 
10-14 
10-14 
10-14 
10-1* 
10-14 
10-14 

10-14 

10-14 

10-14 


12-16 

10- 19 
1222 

11- 16 


1031 

10-21 

10- 31 
10-28 

11- 15 
1-3 

11-14 

1200 

1001 

11-1 

12-3 

11-2 

10-24 

tool 

10G1 

10-JT 

KW1 

10-31 

ion 

HMI 

10-31 

10-31 

1031 

1031 


10-14  1031 


10-14 

10-14 

10-14 

10-14 

10-14 


10-14 

10-14 

10-14 

10-14 

10-14 

10-14 

10-14 

10-14 

10-14 

10-18 


1031 

1031 

1031 

1031 

1031 


1031 

1031 

1031 

10-31 

1031 

1031 

1031 

1031 

1031 

10-28 


a-amoal;  o payabls  in  ensdan 

monthly; g quartern; t rami  ennual 


American  Express  to  Cut 6,000  Jobs 

NEW  YORK  (AP)  — American  Express  Co*  will  diminatei 
6,000jobs  over  the  18  to  24  months  to  unprove  profitabiktyr 

‘^ASSToO^of  tiwwtbacks  will  come  at 
Phoenix,  Arizona,  and  related  offices  m Ja^vdk  a^  htoh  _ 
t aVr*  Florida,  the  company  said.  Another  2,000 jobs  will  be  wg1  0 
throughout  the  financial  services  conglomerate,  famous  for  its; 
green,  gold  and  platinum  charge  cards.  . _ . ^ 

The  cutbadrs  are  not  expected  to  affect  American  Express^ 
earnings,  thecompany  said.  American  Express  would  notestunaid; 
its  savings  from  the  downswing  effort,  . 

Citicorp  Adds  Stocks  Trading  to  ATM  • 

NEW  YORK  (AP) — Gtibank  has  added  a service  to  its  l,80Qr 
tyiirr  machines  that  lets  affluent  customers  buy  or  sell  stocks  ana 
dieck  their  investments,  the  bank  said  Wednesday.  • . 

Customers  of  Qtioorp  Investment  Services,  a subsidiary  that? 
offers  brokerage  services  and  sells  mutual  funds,  and  customers; 
with  at  least  $100,000  in  the  bank  can  initiate  buy  and  sell  orders^ 
that  are  later  executed  by  Citicorp  brokers.  . 

The  service  is  currently  available  at  1,200  CitibankATMs  rnr 
New  York,  and  at  machines  in  Chicago  and  Miami.  ATMs  in  San, 
Francisco  and  Washington  will  get  the  service  by  the  end  of  the 

mThebiggest  U.S.  bank,  CStibank  is  the  first  to  put  stock  services^ 

. on  automatic  teller  machines,  said  Maria  Rullo,  a spokeswoman* 

The  move  is  part  of  Citibank’s  program  to  allow  customers  to  do? 

any  hanking  transaction  c] ectToni cally , either  by  telephone,  per-: 

sonal  computer  or  cash  machine.  j 

Apple  Shares  Gain  on  Takeover  Talk  ; 

NEW  YORK  (Bloomberg)  — Apple  Computer  Inc.  shares  rose? 
•amid  speculation  the  company  may  be  the  subject  of  a takeover  or-'  ^ 
substantial  investment  by  Motorcda  Inc.,  traders  and  analysts  said' 
Wednesday. 

Apple  spokeswoman  Betty  Taylor  and  Motorola  spokesman 
George  Gnmsrud  declined  to  comment  on  the  speculation.  '1 
Apple  shares  closed  $4. 125  higher,  at  $37,875,  but  Motorola 
slipped  to  $50,125.  _ t 

The  takeover  talk  comes  in  the  wake  of  Motorola's. plans  toi 
build  a low-cost  line  of  desktop  computer  systems  to  boost  sales  ofi 
its  PowerPC  microprocessor.  Motorola,  based  in  Schaumburg^ 
Illinois,  developed  the  PowerPC  with  Apple  and  International1 
Business  Machines  Corp.  to  better  compete  with  Intel  Corp.  * 


A WEEK  IN  THE  LIFE  OF  THE  TRIB 


Monday  Thursdau 

MONDfif  SPORTS  WAUH/SC0KE 

Tutsfau  Friday 

STYLE  LEISURE 

WafiitStiiw  Saturdau-Sunday 

STAGE  ART/ 

ENimAINMENT  THE  MONEY  RBK3RT 


.Plus  daily. 


POtfflCS  AND  ECONOMICS 
BUSITCSS  AND  HNANCX 


FOOD  AND  EASHK3N 
FILM  Ah®  THEATB? 


OPNON  AND  COMMENTARY  BOOKS  AND  TRAVH. 


THE  NEW  YORK  TIMES 
CROSSWORD 

A UVHY  ARRAY  OF  COMICS 

PUUTZS  PRIZE  WINMN6 
FEATURE  COLUMNISTS 


THE  ARTS  AND  5CENCE  BRIDGE  AND  CHESS 

Don't  miss  out  Make  sure  you  get  your  copy  of  the  IHT  every  day. 


r ■'“>  „ • -r. ..  -URTUy^.V*' 


Liquidity  Woes  Hit  Carolco 

LOS  ANGELES  (Bloomberg)  — Carolco  Pictures  Inc.  said 
Wednesday  it  was  experiencing  “severe  liquidity  problems”  from 
funding  the  preproduction  expenses  of  the  motion  pictures 
“Showgirls”  and  “Cutthroat  Island”  from  its  current  cash  bal- 
ances. 

■ The  film  production  company  said  production  loans  for  the  twa 
movies,  which  were  slated  to  begin  filming  this  month,  will  not  be 
available  until  later  in  the  fourth  quarter.  The  company  blamed- 
the  delay  in  the  loans  on  casting  and  production  problems. 

Carolco  said  it  was  in  raltoi  to  transfer  its  rights  to  “Showgirls”; 
to  Metro-Gddwyn-Mayer  Imx,  which  is  98.5  percent  owned  by 
Credit  Lyonnais,  the  French  state-owned  bank.  ; 

The  company  said  it  reached  a series  of  tentative  agreements' 
with  Pioneer  LDCA  Inc.,  RCS  Video  International  Services  BV; 
and  Le  Studio  Canal  Plus,  which  should  provide  the  company, 
with  additional  funds  of  about  $20  million  and  allow  it  complete, 
.production  of  “Cutthroat  Island.” 

Goldman  Sachs  to  Cut  Work  Force 

NEW  YORK  (AP)  — Goldman,  Sadis  & Gx,  the  biggest 
privately  held  U.S.  investment  bank,  is  considering  cutting  as 
much  as  10  percent  of  its  workforce  over  the  next  sevoal  weeks,  a! 
source  close  to  the  company  said. 

The  cuts,  ranging  from  400  to  900  employees,  are  expected  to 
hit  traders  and  support  staff  in  the  firm’s  fixed-income  depart- 
ment the  hardest  Like  other  Wall  Street  firms,  Goldman  has 
suffered  from  sharply  lower  trading  and  underwriting  profits  as  a 
result  of  this  year's  bond  market  plunge.  . ’ . ' ' '•  ’ t 

Last  year,  Goldman^^ortedfy  earned  $2J  billion,  up  75 
pocent  from  1992,  malang  it  the  most  profitable  firm ;onrWalf 
Street.  But  profits.,  this  year  plummeted  more  than  70  percent  in 
the  nine  months  eif&ed  in  August,  largely  -as  a result  of  trading 
losses,  according  to  published  reports.  Goldman  does  not  disclose 
its  profits. 

-■  ,1 


a 


WORLD  STOCK  MARKETS 


Ao» 


i Franc*  I 


OoaProv. 


Amsterdam 

ABN  Amro  Hid  55.10  5450 
ACF  Holding  3750  37 JO 
A agon  9a  wjg 

Ahold  *7  JO  48 

AkZP  Nodal  197 JO  20X10 
AMEV  66.90  6850 

Bols-Wessanen  3X80  33J0 
CSM  64B0  6550 

DSM  13960  1*190 

ElMuier  1610  146.90 

Fofckar  7460  15 

Gist-Brocades  43  4X60 
HBG  27450  272 

Heinaken  23X50  21550 

Hoogovans  7X50  75.10 
Hunter  Douokis  75.10  7450 
IHC  Cotand  37.98  39.70 
inter  Mueller  «*  9X80 
Inn  Nederland  73J0  75 

KLM  4560  44 JO 

KNP  BT  49 JO  50 

KPN  51.90  52 M 

Nedllmrd  5*J0  S4J0 

OceGrlnten  7X80  7*J0 
Pakhoed  4*50  +1+0 

Philips  5X10  5X90 

Polygram  7X10  7X70 

RaMco  11250  IT3J0 

Ro cameo  50.70  51  JO 

Rollnco  116  116JO 

Boren  lo  8X10  8X40 

Royal  Dutch  IBS  18850 
SnrK  41  4150 

UnHvwar  194J0 198.10 

VonOmmeren  45.10  *S*0 
VNU  17860  1S4J0 

Wolters/Klimer  11750  12X40 

ISJE»4JS,J 


Brussels 


AG  Fin  2380  2480 

Atmanif  7500  7510 

ArbOd  4910  4935 

Barca  2*oo  tjm 

HBL  4015  4015 

Bffcpen  21950  23000 

CBR  11975  12100 

lMB  2320  2400 

CNP  1920  1«20 

Cockerlll  195  200 

ColMoa  5260  53* 

Colruyt  7070  7150 

Delhaira  1202  12** 

E I eel  ra&o  J 5300  5300 

ElOCTraflna  2886  2880 

GIB  1X0  1114 

C-BL  1730  3990 

Gaveen  B«*0  int 

Glover  Del  *100  *210 

immooel  2360  2900 

Kredlottra*  4000  4 100 

Masona  i*«  1420 

Prttroflna  9*m  9730 

Powarfln  2700  aio 

Radical  478  490 

Royale  Beige  4345  *400 

Sac  Gen  Banaue  7550  7700 

Sue  Gen  Bats  la  ue  2100  2135 

sotlna ' 12830  13125 

Sotvar  14325  14*00 

Tessendaria  9850  10250 

Traaeeai  9*00  9Sfo 

UCB  23100  2*050 

union  M inters  2445  2700 

Wagons  Llts  NA  4400 


Frankfurt 

14114X50 
1 SEL  281  285 

: Hold  2210  2245 

1 "^8 

730  775 

295J0299J0 
33760344.7^ 
YPalXMlIl  » W 

l®*  747^  7« 

grzbpnlc 

229.70  234 

733  739 

4S4JO  465 

Mfc  S3S  221 

lie  Bank  467A0  671 


HUM' 

r Bara 


er  Book 

pentv 

pHoesch 


484  4W 
38038550 
300  300 

I921WJ0 
31 D 511 
546  549 
930  934 

3WLM  » 

" 21121X50 

■w 

595  596 

491  490 

11U012L98 

irWeri‘*i2LS  n* 

« 38^^ 

— 

2770  2800 
630  430 

«M0  43* 

225  223 


Ruocfc 


ClaeaFrav. 

RWE  43444150, 

RMnmetaii  275  280 

Sdwlng  928  946 

Siemens  4ia50426.» 

Tlivsson  27SJ0  27S 

Varta  3006030X50 

Veba  4985051150 

V6W  340  338. 

view  670  479 

Volkswagen  427.5042X50 

Wello  980  1002 

DAX  Index : 19*872 

Previous  : 75* 


Helsinki 


Amer-YWvma 

105 

106 

Enso-Gutzell 

4560  45X0 

Huhtamaki 

144 

144 

KjOP. 

10.10 

10 

Kymmenc 

134 

134 

AAetra 

141 

144 

Nokia 

555 

544 

Pohiola 

48 

67 

Rgpaia 

103 

10* 

Stockmann 

2*7 

2*7 

Hong  Kong 

Bk  East  Asia  3260  3250 
CattwyPoclHc  1X10  1X2S 
Cheung  Kong  36.*0  37.10 
anno  Light  Pwr  39 JO  39.70 
Dairy  Farm  inti  1035  1060 
Hang  Lung  Dev  1335  74.10 
Hang  Seng  Bank  5X50  54 

Henderson  Land  46J0  4870 
HK  Air  Eng.  3460  3560 
HK  China  Gas  1475  1435 
HK  Electric  2X80  2460 
HK  Land  1X90  19jo 

HK  Really  Trust  19J0  1930 
H5BC  Holdings  85  84.25 
HK  Shang  Htls  1160  1165 
HK  Telecomm  1535  1535 
HK  Ferry  1135  1170 

HulCh  wnamooa  3580  3440 
Hysan  Dev  20.15  21X5 

Jar  dine  Math.  63  6L75 
Jardlne  sir  Hid  2970  J0.90 
Kowloon  Motor  15  1570 
Mandarin  Orient  1065  1070 
Miramar  Hotel  iojo  19.90 
NOW  World  Dev  26  36.70 
5HK  Props  5575  5475 
Slelu*  1M  120 

Swire  Poc  A S975  6075 
Tol  Cheung  Pros  1060  1055 

TVE  *JW 

Wharf  Hold  3060  3170 
Wieelock  Ca  1675  14.95 
Wing  On  Co  mil  1130  1135 
Wlnsorlnd.  1065  10.40 

flnsrrMW”,Uk 


Johannesburg 

AECt  2730  2730 

Alteen  121  100 

Anglo  Amer  23630  2*0 

Barlows  JO 30  31 

Blwoor  U 1175 

ButfelS  54  55 

DeQwrs  10110275 

Drlefonlrin  17  48.25 

Cmcor  1*75  1435 

GFSA  12!  134 

Hormonv  *0  42 

Hiphveld  Steel  31  30 

Ktool  71  7130 

NcdlwnK  Gre  38  2975 

Randlonteln  5X30  55 

RUKJJot  115  118 

5A  Brews  8150  CS 

5t  Helena  KJL  *«cn 

Start  35J0  36 

Western  Dees  215  222 

ftSBRM  “ 


Close  Prev. 

Enterprise  Oil 

363 

369 

Eurotunnel 

260 

2 Ah 

F Isons 

167 

1.18 

Forte 

226 

|GEC 

■^11 

264 

Genl Acc 

5J2 

5X8 

Glaxo 

£62 

Grand  Mel 

464 

GRE 

1X8 

467 

GUS 

SJO 

Hanson 

225 

2X2 

HHisdown 

10 

1.72 

HSBC  HWB3 

£0 

76* 

ICI 

768 

(Lid 

403 

4.15 

Kingfisher 

Lodbrake 

460 

162 

661 

IX* 

466 

£10 

465 

£9/ 

169 

1.49 

Legal  Gen  Grp 

4X8 

4X9 

Lloyds  Bonk 

562 

565 

Marks  Sp 

363 

35* 

MEPC 

426 

4X3 

Natl  Power 

*69 

461 

NafWest 

4X3 

4JS 

NthWst  Water 

5.18 

5.19 

56S 

£9/ 

P 8.0 

5.95 

665 

Pllklnoton 

165 

167 

PowerGcn 

528 

523 

Prudential 

254 

197 

RrxikOra 

L0 

467 

Reckltl  Cal 

527 

£30 

4X9 

4JU 

Reed  inti 

760 

767 

Reuiers 

463 

464 

RMC  Group 

9.11 

923 

Rolls  Rovce 

1X1 

1X7 

Rolhmn  (unit! 

3.95 

199 

Royal  Scat 

4 

46* 

RTZ 

864 

880 

Safosbury 

462 

4JT7 

*60 

461 

Scat  Power 

326 

3X7 

Sotos 

162 

162 

Severn  Trent 

5.14 

5X9 

Shell 

£95 

763 

Siebe 

S6S 

525 

Smith  Nephew 

1X8 

160 

420 

428 

428 

4X5 

Sun  Alliance 

369 

118 

Tote  & Lyle 

4.18 

2X3 

2X5 

961 

Tomkins 

2.18 

2X1 

2.16 

2.16 

Unilever 

11.13 

11X6 

Utd  Biscuits 

163 

104 

War  Loan  31% 

48.79 

40X1 

Whitbread 

£22 

527 

Williams  Hdas 

3X3 

3X5 

Willis  Corroon 

163 

167 

Essub 

London 

Abaev  Neri  xo*  337 

Allied  Lyons  339  535 

Aflo  WToglra  262  Ui 

Arovll  Group  268  X70 

Ass  Brit  Foods  562  5J» 

BAA  465  475 

BAe  _ 4J8  *37 

Bonk  Scotland  137  207 

Baretavs  532  S64 

Bass  115  5.18 

BAT  4.17  -L25 

BET  I 1JJ2 

Blue  Circle  XS2  IBS 

BOC  Group  678  6.92 

Boots  M2  117 

Bowafer  469 

BP  462  4JJ5 

Blit  Airways  3-5*  X56 

Brit  GaS  239  197 

Brit  steel  1-4*  ia* 

Brit  Telecom 

BTR  J2I  vm 

CaMaWlro  IB 

Cadhurv  Sdi  *M 

Carudwi  U*  268 

coats  Vive  I to  2B  MI 

Comm  Union  4.99 

CourtauldS  427  05 

ECC  Group  3A2  X« 


Madrid 

8BV  30«0  3130 

Bco  Central  H>SP.  3865  3925 

Banco  Santander  4705  4835 

Banes*,  804  797 

CEPSA  J070  3145 

Dmoodos  1900  19*5 

Endesa  SrOO  5350 

Ercrw  153  140 

iDerdrolo  802  817 

RePMl  3875  395C 

To  bocal  era  313S  3M5 

Teurtonlca  1490  1730 

St^E*rt^nd„:l«78 


Milan 

Altemm  15740 14100 

AaMloIfo  13100  13805 

Autostrode  orlv  1720  1780 
Bco  Agriculture  2515  2570 
BcoCommer  irol  3635  3720 
Bco  Nax  Lavoro  12*10 1Z700 
Bco  Pop  Novara  7780  8150 
Bams  dl  Roma  1595  1440 
Bco  Ambrasiano  4025  4125 
BCO  Napoli  risp  1190  1190 
Benetton  19300  20*00 

Credlto  Itatlana  1950  2010 
EnJenemAua  2990  3000 
Fentfl  1481  1570 

Ftatspa  4350  6495 

Flixmi  ADTrtnd  9900  10400 
Phunoccailca  1280  1335 
Sanatoria  soa  108*0  11100 
Generali  Asslc  38350  39000 
1FIL  5575  5375 

Halcementl  10750 11130 

1 tol  gos  SJ70  5220 

Mediobanca  13190 13530 

Montedison  1 ZJU  1327 

Olivetti  1940  2010 

Pirelli  SPO  2300  2J7S 

RA5  21300  22000 

Riaascente  8595  8975 
5dn  Paolo  Torino  8935  9W5 
SIP  «20  43f8 

3ME  3840  3840 

Snlabpd  2095  2190 

Stand?  34750  34850 

5 let  4505  4720 

Toro  Auk  25090  25400 
MIS  Telematics:  10472 
provisos : ran 


Close  Prav. 


Montreal 


Atco  Ltd  I 13%  13% 

Bank  Montreal  23%  23% 
BCE  Mobile  Com  38Kt  30% 
Cdn  Tire  A 11%  11% 
Cdn  Util  A 23%  23% 

Cascades  8%  8L, 

Crovmx  Inc  17  17% 

CT  Fln'l  Svc  17%  17% 
Got  Metro  12%  12% 

Gt  West  Ufoco  20%  20% 
Han  InrT  Ban  13%  13% 
Hudson's  Bay  Co  27%  28% 

, Imasco  Ltd  37  37% 

! Investors  Grp  Inc  16  16% 
iLoftott  I John)  21%  21% 
LohlawCos  21%  22% 
MolsanA  20%  20% 
Natl  Bk  Canada  9%  9% 
Ostwwa  A If  ig| 

Pancdn  Petrolm  *2%  43 

Power  Corp  19%  19% 
Power  Flni  27%  28% 
QuebecorB  17%  17% 
Rooers  Comm  B 19%  19% 
Roval  Bk  Gda  28  27% 
Sears  Conodo  Inc  7%  8% 
Shell  Cdo  a 44%  45 

Soul  ham  Inc  14  16 

S telco  A 6%  SM 

Trllpn  Flnl  A XA0  X70 
Lndastrtabj^dex:  1 89675 


Close  Prev. 

3 (me  Singapore  L20  ’171 2 

Sks  Aerospace  263  263~ 

Sing  Airlines  fom  15  1490 

Sing  Bus  Svc  9 J0  995 

Slno  Lend  9JJ5  9.10 

3 mo  Petim  X53  X5* 

Sing  Press  font  2170  24 

Sing  ShlPbMg  X64  266 

Sing  Telecomm  3JX  X34 

Straits  Steam  560  560 

Straits  Trodmo  364  x*x 

Tat  Lee  Bank  466  *60 

Utd  Industrial  169  169 

UraO'sea  Bk  tarn  14.10  16 

utaosenum  274  279 


237X54 


Previous: 


Parte 


Accor  593  612 

Air  Llauide  71*  717 

AKntel  Alsthom  46160  481.10 
Akd  235  237.90 

Bajcalre  (Cfel  «X90  498.10 
B1C  631  446 

BNP  MIJO  2*860 

Bauvaues  587  574 

Dtmone  677  721 

Corretour  2078  209* 

C.CF.  206  21160 

Corus  10190 10*50 

OwrMurs  1313  1330 

CJmenls  Franc  270  298 

Club  Med  *29  442X0 

Elt-Aaultalna  34X70  377X0 
Euro  Disney  750  760 

Gen.  Eoux  <7X90  47X90 
Novas  418  418 

I metal  544  550 

Lafarge  Cap  Pee  372.10  *10 
Legrond  4400  6850 

Lyon.  Eaux  475  48S.90 

OreaML'l  10*8  1080 

L.VJUL  821  8Z7 

AAotra-Hachette  10*  10SJ0 
MiOWIln  B 217.10  22* 

Moulinex  117  JO  119 

Paribas  317JO  327.10 

Pecftfoev  Intt  1*460  145 

Pvmod-Rlcard  291  794X0 
Peugeot  773  7m 

PtnouK  Prlnl  B95  906 

RadkJteehnJaue  517  519 

RhJWJlenCA  11960 12X5D 

Rott.  5t.  Loots  1475  1487 
Sanofl  231X23860 

Sc  Ini  Gcboin  618  62b 

S.E.B.  , 520  528 

Ste  Generale  505  535 

Suez  2*0  250 

Thocnson-CSF  139.90 14SJ8 

Total  307  31360 

UJLP.  130X0 13X30 

Valeo  2645027X18 

CAC-46  Index  : 1821/2 
Prtviogs : 1874.12 


Sao  Paulo 


Oct.  4 

1862  1X50 
WO  960 
_ 860  860 
26X03  240 

8*60  90 

360  347 

304  2M 

349  345 

12J0  12 

1X14199 
7300  7408 
,51.15  SX2D 
45061  MS 
1J9  160 
17517759 
173  175 


Btmco  da  Brasil 

Benespa 

Brgdesco 

Brahma 

Cemtg 

Elelrobras 

llOutanco 

Llont 

Panmasanema 
Petrabras 
Sotaa  Cna 
Teiebras 
Teiesz> 

UsimunB 
Vole  Rig  Dace 
Vo  rip 


Singapore 

Asia  Poc  Brew  I860 
Ceretos  XI 0 

City  Deveioamnt  8JS 
Crete  B Carriage  1X40 
DBS  11 

DBS  Land  454 

FE  Levlnsslon  7 
Fraser  1 Heave  18 
GI  Eastn  Ufa  2760 
Hong  Leona  Fin  466 
IndKoae  , 565 

Jurong  Shipyard  1X90 
Kay  Hian  J Court  151 
Keppel  1X80 

NolstMl  X2S 

Neptune  Orient  xia 
OCBC  foretgn  15 
O MdSUnfon  Bk  7.10 
ersm  Union  Enl  us 
Sembowono  1160 


M60 

8.15- 

X1S 

1X20 

II 

450 

7 

IB 

2760 

*60 

.565 

1460 

155 

1X70 

3J0 

221 

1460 

7 

140 

1160 


Stockholm 

AGA  47  47- 

Ana  AF  51*  525 

Astra  AF  17660  1771 

Atlas  Copco  9C  7260 

Elect ratux  B 350  357 

Ericsson  39160  399 

EsseltrtA  9060  93 

HandetstxxiLBF  8560  88 

Investor  8F  14917260 

Norstt  Hydro  247  253 

Pharmacia  AF  13050  133 

Sandvtk  B 10660 1B96C 

SCA-A  11811660 

S-E  Banken  AF  4460  4560 

SJcondta  F 1236012760 

Stamska  BF  _ 

SKFBF 
Slora  AF 
Trelleborg  BF 
Volvo  BF 


Shimazu 
Shlnefsu  Chem 
Sony 

5«nttamoBk 
Sumtforao  Chem 
Sum  I Marine 
Sum  Homo  Metal 
Talsrt  Corp 
Takedo  Own 
TDK 
Trtltn 

Tokyo  Marine 
Tokyo  Elec  Pw 
TatXJan  Print  Mo 
Torny  Ind. 
Toshiba 
Toyota 

Yomalchl  Sec 
O : x 100. 


Close  Prev. 

720  714- 
2040  20X 
5770  5800 
1900  1670 
546  555 

898  89* 
339  338 

444  452 

121 D 1170 
4290  4*10 
554  550 
1140  1140 
2920  2930 
1450  1*40 
774  77S 

733  735 

2070  2040 
744  744 


U.S.  FUTURES 


Vie 


Oer.3 


Season  Season 
Kgh  Low 


Open  High  Law  dose  Cho  OnJnr 


Toronto 


Provtoas : 17B0J* 


139601*460 
1366012860 
CZ1  4Z7 
98  9960 
. 134  134 

: 1749.17 


Sydney 


Amcor 

ANZ  185  368 

BHP  1964  19. 

Bara  I 3J28  Uc 

Bougainville  lqs  ijq 

CrtcsMytr  354  463 

Comal  cn  465  1X5 

CRA  18*4  IBM 

CSR  435  463 

Fosters  Brew  1.15  1.14 

Goodman  FleW  1X6  1X5 

ICI  Australia  10X4  1064 

Magellan  162  162 

MJM  248  248 

NW  AMI  Bank  10.18  1QJ2 

News  Corp  8.10  00B 

Nine  Network  4 406 

N Broken  Hill  363  3J5 

Poc  Dunlop  401  *62 

Pioneer  inti  3J2  X33 

Nmntfy  Pose  Won  266  262 

QCT  Resources  160  U9 

Santos  190  365 

TNT  n*2  260 

Western  Mining  762  7X3 

Westoac  Banking  *J37  4.10 

Woedslde  *j?  453 

AUOrttal^tonTWI 


Tokyo 

Akst  Electr  420  424 
Asctil  Chemkal  782  779 

Asrtll  Gloss  1230  1210 

Bonk  of  Tokyo  1540  1520 
BriapesteM  1510  ism 
Conan  1740  its), 

Casio  1270  1270 

Dai  Nippon  Print  1840  1800 
Dal  wo  House  1*10  1300 
Dalna  Securities  1*10  1*00 
Fanue  4510  4510 

Full  Bank  2170  2120 

Full  Photo  2210  2240 
Fulltsu  10W  KW) 

Hitachi  948  971 

Hitachi  Cable  8S9  848 
Honda  1740  1420 

ItoYokOdO  5270  5370 

Itochu  729  711 

Japan  Amines  741  744 

(CcHma  942  WO 

Kansal  Power  2500  2*70 
Kawasaki  Steel  443  439 
Kirin  Brewery  1150  T1S9 
Kgnwtsv  922  9M 

Kubota  733  725 

Kyocera  7120  7040 

Matsu  Elec  Inds  1580  1570 
Matsu  Elec  Wks  1070  hot 
Mitsubishi  Bk  2510  2440 
Mitsubishi  Kart  547  547 
Mitsubishi  Elec  70S  701 
Mitsubishi  Hev  780  770 
Mitsubishi  Caro  12*0  1230 
Mitsui  and  Co  044  B50 
Mitsui  Marine  744  75* 

MltSutUHhl  931  920 

Mitfuml  1280  1310 

NEC  1220  1190 

NGK  Insulators  1030  1020 
N kko  securities  1099  W90 
N anon  Kaaaku  924  903 

NpponOII  498  488 

N noon  start  385  38* 

Nippon  Yusen  439  435 
Nissan  80B  810 

Nomura  Sec  1990  1980 
NTT  B770a  8420a 

Olympus  Ootlcoi  1040  10W 

Pioneer  2580  2540 

Rienli  911  903 

Sanyo  Elec  575  549 

Sham  1770  1740 


Abttlbl  Price  19%  19% 
Air  Canada  7Vi  TV, 

Alberta  Energy  19%  20 

Alcan  Aluminum  34%  35% 
Amer  Barrie*  33%  34U- 
Avenor  26%  24% 

Bk  Nova  Scotia  24  24 

BCE  47%  47% 

BC  Telecam  m 25%  25% 
Bombardiers  21%  22 

Brtxnalea  3JB  4 

Prascon  A 10%  19% 

Comeco  24%  27 

CIBC  30%  30% 

Cdn  Natural  Res  18%  W% 
Cdn  Occld  Pet  30%  30% 
Cdn  PocHIc  21%  21% 
Cascades  Paper  5%  4% 

Comlnco  24  24 

Consumers  Gas  >4%  14% 
Datasco  22%  22% 

Daman  Ind  B 13  12% 
Du  Pant  Cda  A 19%  19 

Echo  Bov  Mines  18  18 

Empire  Ca  A 13%  14 

Falconbrkfoe  20%  21 

Fletcher  Chair  A 18%  18% 
Franco  Nevada  82%  63 

Guardian  Cap  A 8%  8% 

Hernia  Gold  15  15 

Horsham  20%  20% 

Imperial  011  44%  44 

| pop  38%  38% 

PL  Energy  28%  28% 

Lac  Minerals  14%  16% 
La!  [flew  A IBUi  TOW 

Laldlovt  8 10%  10% 

LoewenGroup  »%  31% 
London  Insur  Go  22%  23 

Mocmlll  Btoedel  18%  15% 
Magna  inti  A 47%  48 

Maple  Leaf  Fds  10%  10% 

Moore.  25  24% 

Newbridge  Netw  42%  42%, 
Norondalnc  25%  25% 
Norando  Forest  11%  12 

Npreen  Energy  17%  18 

Nttiem  Tdeom  45%  45% 
Nava  14  14% 

Qnsx 13%  13% 

Pe+ro  Canada  11%  n% 
Placer  Dome  31%  32% 
Potash  coro  sask  s*+  53 

Prav  too  5%  5% 

PWA  064  D6B 

Quebecor  Print  15  14% 
Renaissance  Eny  28  Vi  27% 
RtoAtoam  24%  2SV- 

SeaerwnCe  39%  *o% 
Stone  Consotd  ie%  1B% 
Talisman  Env  29%  29 

Tetogtobe  17%  17% 

Telia  14%  16% 

Thomeon  15%  15% 

Toruom  Bank  3%  20 

TnmsoJto  14%  14% 

Trar»Cda  Ptde  17%  17% 
UWDomWon  25%  24% 
UMWestturne  MW  ink 

SSSoa,eny  SS 

Xerox  Canada  B 46%  47 


Zurich 

Adla  Inti  B 200  203 

Ateutase  B new  661  670 

BBC  Boro  BOV  8 1062  10B8 
CTaGrtgyB  718  730 
CS  Holdings  B 584  517 

339  342 

P^herB  1505  1505 

Interdtscount  B >955  1975 
JelmoU  B 890  880 

UndlsGyrR  755  770 
MgwnptckB  390  390 

R 1148  1146 

OrtDk.  Buehrie  R13060 13160 
PoroesoHIdB  l<90  1490 
ftodie  Hds  PC  5620  STM 
Sctra  ReoubSc  100  99X3 
SanduB  463  <B5 

Surveillance  B 1910  1960 
5wfas  BnkCorpB  366  370 

Swfes  Refnsur  R 665  671 
?»tewirR  830  BO 

UBS  B 1181  1191 

Winterthur  B 629  640 
Zurich  Ass  B 1150  1170 


Grains 


WHEAT  (COOT)  ugghituumm-Mmarbumi 
LI  IP*  3-09  DOC  9*  AM  4.l3*i  406  407 >*_ OfllVt  *8629 

419  X27  Mar  95  417%  422  41*%  4t*\4-a0T  206*9 

i*f<*  116^*10x95  19*%  197  189'4  191V5— 0JM  2682 

1*3%  Xll  Jul95  158  369'A  365  15T/.-06IVi  6,199 

1*5  1511:  S«P  95  141  h 162  160  lAffA-ODim  14* 

175  155  Dec *4  3 70  171%  168  368  -06214  *J 

15*%  161  JK«6  1*6  y. 

Est.  arte  26600  rue's,  sales  1X362 
Tue’smnlm  7S693  UP  1067 
WHEAT  (KBOT)  VUXbu'nMmom-eoanrtperbuiMi 
417  1175,  Dec 9*  41 3 W 4t9  409%  412  —061  2X365 

420  3X5  Mar 95  417V,  422%  413Vj  *.169,-0015*  11675 

463  17IWMavV5 197  400  191  194»-OOJ%  1X62 

36811  X16WJul95  1*2 r,  145  159  361'u-OJE'a  2^1 

3X7  129  Sec  95  363  363  1*3  163  -0JM  73 

165  160^  Dec  95  368  — 0JE1 3 

Ett.saJes  NA.  Tue's.srtes  5X03 
Tu+5apenlnt  41,048  Off  MS 
CORN  (CBOT)  SdOOtjumrtmwn- Oskars  MreuM 
7-77  XI*  Dec**  XlsV,  Ilf’S  Xlty?  117%  *00056 134706 

123% Mar 95  3X59,  2X8%  2X49,  127%  tOOOW  49.153 
231%May«S  2J*L>  IM’i  3J4W  ZJSV,  +000'A  1967* 
2J6V4JU  95  139%  261%  U>'/>  261  *-000%  306*9 

139  Sep  95  14*  145%  14*  765%  *001%  1.4*5 

2J5ViDec9S  769  150%  260%  269%  *000%  7,849 

150%Marto  26*%  15*<A  1SH*  156%  rOOOVi  50 
155% 60 9*  1*1%  269%  147%  162%  ,060%  87 

Est.  sabs  32000  Tue’s.  sales  27.946 

rue's  open  on  731CT5  up  isos 
SOYBEANS  (CBOT)  moumranun-artwaee'Cutfiel 
767%  JJ3  Nov  *4  5J5  138%  SJ*  5J*1*. — 101%  7X610 

7.04  X44  JCT95  1*5%  5.67%  565  5.45% — 001%  2364* 

iS*  Mar  95  5X6  1W1  5J5  5X5% -OO I TXWS 

563%  May  95  565  1*4%  563%  56*  — 001%  7057 

569%  Jill  95  5X1%  5X6  5X1  172  -000%  11397 

5X2% Auc 95  SXS  £78%  5X4V,  SJ«i_(U7I  389 
£76  Sep 95  561%  561%  579  £79  *001  225 

£78% Nov 95  567%  £91  £87%  568%  ♦060%  4,923 

462  Jul?4  463  10 

Efl.srtes  33,000  Tub’s.  SOWS  31077 
Tue’japen  Ini  139647  UP  61* 

SOYBEAN  MEAL  (CBOT1  inm-aAnMBn 
207 JO  160600  0 9*  141X0  1*200  16060  16100  —060  4982 

16160  06C  94  16260  15*00  15160  162X0  -000*4988 

KJ-lOjani;  15*J0  165J0  1MX0  1*460  — QJQ  1*037 

16451  Mar  95  167 JO  168JD  167X0  167X0  -060  12X23 

169  JO  May  95  17UJ0  171.40  169J0  169.90  -060  6692 

172J8  Jul95  17150  174J0  17130  173X0  -OJO  £260 

173J0AUO95  175X0  175X0  17SOO  17560  *030  *57 

l,-SJ»Sep»5  174-50  177 JO  176-50  17L70  —020  6M 

176X0  Oct  95  17900  17*60  17*. 00  17960  *170  » 

176J0D&:*S  18060  341 

EsLsrtes  NA  Tue*L  sales  1*617 
rue’s  open  inf  90,142  off  437 

SOYBEAN  CUT.  (CBOT)  lueh-apn 


262% 

265 

265% 

270% 

2*3 

2557* 

2*2% 


765 

765% 

764% 

£12 

£15 

6J0Vi 

£21 


70960 
207JO 
207 JO 
20760 
2D600 
18240 
1S27Q 
181*0 
18260 


296* 

22.10009* 

2125 

2460 

34X1 

2460 

*0.15 

S67 

27  60  Dec  9* 

2362 

ruu 

23JS 

23A2 

<0.10 

DAS  Jun  95 

2363 

78  JO 

22.93  Mto  95 

23X4 

2145 

2123 

2138 

+064 

2£QS 

22.93  May  95 

+£02 

2765 

22.95  Jul  95 

368 

2123 

236* 

2110 

+065 

2720 

22.95  Aug  95 

23.10 

2120 

2110 

2114 

+869 

23.10 

2160 

22630095 

2367 

2365 

2260  Dec  95 

018 

2130 

2110 

010 

*(LQ5 

ESLSrtCS  23600  Tue'vvEe,  30631 
Toe’S  open  Int  84.969  UP  1652 


Livestock 

CATTLE  (CMER)  *looo m- emn seres 
7*10  65X0  Oct  94  6860  4340  67J5  *7X0 

74J0  *7  20  Dee  9*  4960  49.05  4&J0  48.99 

74X5  £7_20FcO45  47.97  t*10  £762  67J2 

7 5.10  68J0APTW  68X2  68.95  4865  68.15 

89 JO  6i*2Jun95  65X0  65X5  M.95  6560 

56.10  4*95  Aug  95  456)  5560  54J7  6*70 

OSS  6550  Oct  95  65X5  65X5  6505  4505 

Est  sues  17,304  Tue'ksdes  7L429 

Toe’s  open  ini  57657  Off  1751 

FEEDER  CATTLE  CCMBR]  5Un«.-eroHeeri£ 


B1J5  70.750a  94  nStl  7105  71.10 

8860  72.40  Nov  M 7145  7360  72J5 

00.95  72-50  Jon  *5  72.90  7110  7260 

8025  71j»Mor»5  71.90  7105  71X2 

7690  71.4SAOT95  7165  71.BS  71JE 

76J0  71.1DMOV95  71J0  HJ0  70X0 

7365  71 67  Aug  95  71 JM  71^0  7060 

Eol  soles  1*33  Tug’s,  ides  1431 
rue's  open  inf  9.1*9  ofl  716 
HODS  (CMEA)  *o»«s-ce«pe£ 

49X5  3S670C7M  iSJO  BX5  300 

9L50  3565  DOC  9*  35-90  3£QS  35J0 

5060  l£!0  Feb  fS  37X2  37 JJ  37X2 

4860  3*80Acr  98  3667  17.15  3660 

*740  <2X0  Jun  95  4X20  4260  42.15 

*£00  411 2 Jut  95  *2X0  *40  *12 

«U)  41  JO  Aug  95  4160  *10  *1X5 

4253  79650095  39.10  3*25  3*67 

*1X5  3960  Dec  95  3MO  39M  7, SO 

EsLtrtM  7,131  Tub's  saes  7X9* 

Tub's  open  to  30X81  off  213 
PORK  BELLIES  (CMS?)  *Mb-cMiwli 
50.05  38.45  FOB  95  39J0  39.®  3860  3SJ0 

60X0  3U0Mnr95  39.15  39.17  38X0  38* 

SI  .15  3965  MOV  95  *QJ5  060  3963  39  SS 

5*00  4OX0JUI98  4060  4055  40XS  40X5 

4*60  3965  AUD  *5  39X0  3960  39JK  39X0 

Est.  sales  1.929  Tub's,  srtes  1.716 
Tug's  Open  krt  9658  up  409 


72.12 

TZM 

73.10 

71X2 

7163 

7070 

7060 


3425 

3135 

37J7 

3£9S 

*a 

42X2 

*10 

39.10 

3960 


-0X5  15.903 
-o.ifl  njm 

— 0JB  1*8*7 

-052  9459 
—055  2425 
—062  1,165 
-OJO  156 


-058  2407 
-067  *2X1 
—066  1X97 

—068  <70 

-060  3S3 

-045  215 

—045  2* 


—0.95  4X23 
-060  14,930 
♦0.15  5X02 
*OJ38  3,107 
1463 
*0X0  337 

+013  m 

+0.05  146 

+040  28 


-077  8,138 
—0X3  IK 
-0X5  231 

-085  23* 

—065  « 


i Season  Season 

1 

Hioll 

Low  Open 

High 

Low 

Ocse 

Chg 

OsLto 

1168 

!l.l8AAar» 

11X4 

♦aoi 

9 

1768 

liJOJiHto 

11X4 

♦ 061 

5 

EO.srtes  23671  Tue’s.  sates  £919 

tub’s  open  to  139  AM  off 

543 

xn 

1580 

1841  Dec**  1301 

1308 

iaso 

1243 

-43  37X59 

1405 

1077 Mar 95  1355 

1358 

1314 

1310 

-*1  18.127 

1412 

1878AAoy95  1387 

QI7 

1344 

1347 

-43 

4675 

1225 Jul  95  1*09 

1409 

1377 

1390 

— 3C 

2699 

1540 

1445Sep9S  1*05 

1404 

1404 

U04 

—41 

1X03 

1445 

1420 

4644 

1474 

1150  Mar  96  1*T 

1487 

1448 

1*57 

— 41 

3L3M 

1447 

1225 May  96 

1490 

312 

JUJ94 

1510 

-41 

11 

Est.sates  34,148  Tue'S.  safes  13,125 

Tue'sapenlnr  74A*4  uc  1793 

ORANGE  JUICE  (NCTN*  ISAM  ta.-ato*  per  P. 

13460 

8560  Nav 94  91X0 

92X0 

9060 

91  JS 

— 065 

9642 

946* 

4JS7 

134X5 

®360  AAar  95  98X5 

99X5 

97X0 

9868 

—1.10 

4607 

11425 

9760 May  95  10260 

KEXS 

101 JC 

101  JS 

-ass 

1.117 

11960 

10060  Jul  95  10425 

10560 

104X5 

105X5 

—OJO 

11480 

11160  Sep 95  10760 

10865 

107 JC 

10865 

113L40 

10960  Now  0 

11065 

—Lie 

11160 

10560  Jm  94 

11165 

+0^1 

A tar  96 

11265 

+ 160 

ES-WO  2600  Tub's,  sdn 

2X08 

1 Tub's  open  Inr  23600  up  331 

Metals 

HJ  GRADE  COPPER  (NCAX7Q  29600 

1 1960 

73JSDOCM  11£I5 

11460 

I1SJ0 

11560 

+865  38X75 

11860 

7660  Jan  95  11560 

11560 

11160 

115J0 

+ 06(7 

594 

11760 

7360 Alto  95  11458 

11480 

11360 

114J0 

+065 

4X07 

H5J0 

11470 

7060 Jul  95  1060 

11360 

11260 

112X8 

+ 065 

1X11 

HUB 

79, 10  Sep  95  112X0 

112X0 

112X0 

11160 

+065 

179 

122.10 

75X0  Da  95  1)860 

11860 

118.10 

118.  to 

+060 

2X10 

11860 

77X5N0V85  11760 

117.80 

11450 

1I4JD 

+ 060 

917 

11£7S 

E860DecV5  11060 

11160 

11865 

11060 

+055 

921 

10860 

B£50Jan96 

1090 

+065 

59 

10960 

10968 

11460 

018  Apr  94 

11360 

♦as 

502 

109 JD 

10760  MOV  96 

108.10 

+055 

51 

115X0 

10410  Jun  94 

113.10 

+065 

207 

Jut  to 

10760 

+0L55 

11265 

11160  Aug  94 

112XS 

+055 

60 

EsI.  sales  10600  Tub’s,  cates  11600 

TuritOPron  55677  off  354 

sn.ws 

(NCAA30  uoowyca 

-CMipor^nnror, 

5416 

5116009* 

+16 

3 

Novto 

5427 

♦IX 

597.0 

3006 Dec  V*  5456 

5715 

506 

S4SX 

+ 1X9£5» 

5746 

4016  Jrtl  95 

5476 

♦IX 

44 

6040 

*145  AAar 95  5736 

5826 

5726 

5736 

♦ 1X11618 

Ml 5 

*186  May  73  5836 

5836 

5826 

5603 

+1X 

4687 

4106 

4206  Jul  95  5906 

5876 

5876 

387.1 

+ L2 

3X51 

5986 

6286 

5396 Dec  95  4046 

6846 

4056 

4004 

+16 

2631 

6110 

756  Jrtl  to 

4Q7X 

+ 16 

1 

55*6  Mar  9*  4176 

4176 

4)76 

+16 

1X37 

5376 

5176  May  to 

A733 

+16 

14 

Jrtto 

4316 

+L8 

1X04 

Est- safes  24600  Tup's,  sale 

15600 

Tub's  awn  ire  125X15  UP  1254 

43S49 

348600094  42060 

173  V1 

42060 

42240 

+4X0 

537 

42AU 

+360  18672 

43960 

39860 AST 95  42660 

■0160 

j?App 

430.10 

+3J0 

2600 

jy  no 

41960 Jul  95  43260 

43260 

132X0. 

+360 

541 

43460 

4226000  95 

434J0 

+360 

345 

2X43 

tub's  opanlnt  22623  off  SI 

GOLD 

41760 

3*48800  9*  39140 

39140 

39260 

372X8 

-060 

254 

Now?* 

39360 

-060 

42660 

34360  Dec  94  3040 

39760 

3to6D 

393.10 

—060115X51 

41160 

36360  FTO  W 39860 

37860 

37860 

-050  17654 

41760 

31460  Apr  9S  4000 

404J0 

402X0 

6J3.10 

-050 

7,158 

341X8  Jun  95  *0460 

40760 

40460 

40560 

-0*0  10625 

*1450 

38068 Aug  95  41860 

fl06D 

*09X0 

40760 

-060 

5671 

*19X0 

*2960 

*0060  Dec  95  417X0 

H7J0 

117X0 

41760 

-030 

7613 

4MJ0 

41 260  Feb  96 

*21  JO 

-030 

\m 

418X0  Apr  96 

42560 

-0X0 

*31 JD 

41360 Jun  94 

42960 

—0X0 

-640 

Eftsdes  35608  TuCLSde: 

38600 

| Tub's  open  to  isubi  off  383 

Food 

COFFEE  C (A  CSS  J7JWBI- cents  per  b 
2*4X5  77.10 Dec  9*  213.75  2H7S  310X0  21565  +U0  20442 

7*4.00  78JOMar9S  31860  22010  71500  31965  <0»  9.S39 

24*60  82JDMOV95  52060  22260  217.10  l&M  1 1X5  34Z7 

24110  8560 Jul95  271X5  221X5  220X5  222.95  + 065  1X54 

naan  1B5J0SN9S  2360  22100  220X0  223J0  ,160  SM 

2*®  JIJO  Dec  95  22U0  .0.45  7® 

Mo-96  22460  *065  100 

Est.sdes  11910  Tue's.srtes  9.174 
Tue's  open  inf  34X97  up  JM 
SUGAR-WORLD  11  (NCSE)  limbs-cennserb. 

1170  9.17MO-95  1260  «0  |IX5  1245  +103101832 

12*5  10L57MOV95  1265  1263  1231  1269  + 06}  176*3 

1262  17X7  Jut  95  12X5  1262  13X2  1138  *063  11X07 

12X9  10670095  1111  1211  1211  111*  +064  9,171 

1200  lUOMorfe  >172  11X6  1I6S  11X4  *061  IXS7 


Financial 


H53  -061  21X87 
94  Ml  -006  9J07 
‘ I 7X19 


UST.BBJLS  (CMBO  sirtta+meiaDO. 

96.10  9425 DccM  9453  9456  9450 

9SJK  92 W Mer  95  94)3  9415  9*61 

96X4  93.73 Jwi*S  93X1  91X4  9168  9369 

Est. safes  NA  Ti»1£»6b  1148 
Tile's  open  m 32,913  up  163 

STBL TREASURY  (CBOT)  pemm-MIMalWM 
106-20  Ml -26  Dec  9*101-205  fgl-30  101-185 101-215-  V 164X7* 
1(0-09101-095  Mrt9S01-015 191-625  10  Mil 5 101-025—  07  2614 

EB.srtes  51X00  Tue^.srtes  24*37 


Toe’s  wen  int  191688  up  a 

'it  loan  tmxop 


18  YR.  TREASURY  (CBOT)  SHOrtopro-eiiKSMaiiBpa 

114- 21  10(7-25  Dec**  101-01  101-03  100-13  100-19—  U 272X50 

111- 87 188-05  Mar  95100-07  100-08  99-21  99-24—  14  6629 

105-0  99-16  All  95  99-12  99-12  «M2  99-05  — 12  115 

101-04  98-28  Sep  95  98-14  — 12  2 

119-31  98-10  Dec  95  . W-»  - 12 

EB.srtes  91,9m  Tub's.®**  54476 

Tub's  open  int  27*696  off  141* 

US  TREASURY  BONDS  (CBOT1  nmnUIMSMUUIlRlI 
118-88  91-19  Dec 94  98-11  98-12  97-17  97+25  — 18  395676 

116-20  97-70  Alto  95  97-20  97-22  96-3  97-03  - 18  26629 

115- 19  97-00  Jrtl  95  96-30  96-30  96-10  94-15—  11  ID69B 

112- 15  96-13  Sep 95  9S-M  — U 846 

113- 14  94-00  Dac9S  95-12  — 17  127 

1 1*46  95-17  AArt-M  *4-29  — U 48 

100-20  95-02  JunM  94-30  94-30  94-15  94-15-  15  26 

ElJ.  Mbs  400600  TiMrs.9rtK  8*787 

Tub’s  open  in  433X30  off  2280 

I HIM  ■ II  Will  (CBOT)  fnwMev-piikBAariaina 

91-17  86-22  DecrtM-T9  86-9  85-28  86-01  — B 1160 

88-09  85-22  Mrt  9585-16  85-17  8*-30  B4I  — 22  SO 

Efl.  safes  4X00  Tua’s.srtes  2.942 

Tub’s  open  to  18X77  up  560 

EURODOLLARS  (CUBO  11  n*4n«HrflMKi 

95.1EI  90X1DDBC9*  93.9*0  93660  93600  94930  —9492X78 

91680  90X40 Afer  95  956»  93600  93^0  93660  -93*80 

*4730  90X10 Jun  95  91170  93.170  91600  93.110  — 50X1.130 

94650  njlOSepTS  92850  92660  92X70  92J00  -0236413 

9498  91.180 95  92570  92J80  92490  92510  -7017440 

94X20  90X50  Murto  92520  91530  9249  9240  —70152X73 

93.10  92400 Junto  92400  91*25  923B  92X30  -0122,951 

92670  92X080196  92X0  92320  92X20  91X30  -801«L*S» 

Gst.srtes  njl  Tue’Lsrta 

Tse'sepento  26BX39S  on  urn 

BIHT196 POUND  (CMER)  newPIWWIiMHSMI 


Season  Seaaai 
Hiah  Low 


Open  High  Law  Close  Ow  ■ Op,totr 


16848  1450  Dec 94  16796  16876  1670 
1600  14640  Mar  «S  16820  1680  16810 

TJ660  163*8 Jun 95  16820  1600 

Esl  safes  NA.  Tue*£  sales  £861 
"rue's  open  W 3U0  off  m 
CANADIAN D0ULAR  K34SU  smrilr-leDto* 

0X670  8X038 D*C 94  07441  0X4*1  0X402  .8X429 
0X605  0X020  Mv 95  0X429  0X432  0X405  07428 
0X522  0690 JUn  95  0X40  0X410  0X30  07418 
0X431  06965  S«C  95  0J4B  OX40  0730  0X40 

0X400  0X040  Dec  95  0X305 

EH.  sales  NA  Tue-s-SaScs  2494 
TUe'tcpenM  46X40  off  394 
OBUHANMARK  (CMBU  SHrmn-lnMeMfesMeei 
06606  O650DOCM  04466  0650  06661  06485  M6  74JB9’ 

04395  06IIOMar95  0607  06507  06487  064H  +18  4X06; 

06595  0600 Jun  95  04515  06516  06515  06507  +18  593 ' 

06S25  0.43*7  Sep  95  06517  +17  117 

Est.  roles  NA  Tue'p.sdes  22,10  - V 

Tue'irawito  78609  up  707  1 

JAPAICSEYCN  (CMBU  seer  yen- 1 ertfee—rt 6QMMB1 
OOtO60OOO9S2S)ac94OOlOlan61OimOIOO9OOX1OllO  +8  49616* 
IUnQ5«XUX196a(M(r 9500101 9500im0*ajn 01 90001 01 93  +8  2.774- 

0XI1867(D609776Aai9S  (UHO3oaoOlO30Q61B3OOOO18293  +8  **M 

QOia773UIlO20CSep95  0010389  +8  15- 

06)0660)610*41  Dec  9S  O0I04U  +8  11 

Est. safes  NA  Tue’LSOIes  16X95 

Tup's  open  w SL336  up  776  ' 

SWISS  FRANC  (CAAER)  t per  Irene- 1 DotocauaittAMI 
0705  £16885 Dec 94  0X804  OXB65  0X79*  0X8*0  +42  33X77. 

0X920  0X4S6AAar95  0X863  0X892  07058  0X873  +44  730’ 

8X90  0X466 Jun 95  0X05  0X90  0X03  0X906  +46  63, 

EfMdw  NA  Tue's.srtes  1*631 
TUe^aoento  3*670  off  269 


¥ 


5561  Oct  94 

66.15 

6760 

4560 

66X5 

5960 OK  94 

46J6 

47X5 

44-36 

CM 

6260Mto95 

4017 

48.90 

401? 

64O0AAny9S  4960 

7005 

4960 

<5X3 

7£L*1 

Lilli 

446000  95 

4060 

6860 

4060 

40X5 

+ OI5 

538. 

64X5  Dec  95 

47J0 

68.15 

47X0 

4865 

+030 

1X12: 

<8X5 

+0X5 

Industrials 

COTTON  3 (NCTN)  uneppMi*rh 
7£«  — ’ 

77X5 
78.15 
7865 
78X5 
7*70 
7260 
6860 

Ed. sales  960  Tue's.srtes  11623 
Tub's  open  int  51630 

HEATING  ML  (NMEX)  amw-aemort 
500  MMNovM  4965  SDXS  4965  4965 

5960  4&MDOC94  5060  5199  5060  50.97 

8125  *3X5  Jeer  95  5165  5160  5160  5167 

58XJ  47.95  Feb  95  5260  5365  5262 

5760  *760  Mar  95  5260  52X5  5160  52JJ 

B.15  *165  Apr  95  5165  5U0  5160  5162 

500  4760 May  95  5065  57J0  5065  £167 

5150  44X9  Am  95  5060  50X0  5060  50X7 

5438  4765 Jul  95  5160  5TJ»  5160  5097 

5560  *2X0  Aug  9S  5167 

«65^9S  52.15  52.15  53.15  52J7 

50650a  95  51X7 

5130  52.9QNW9S  54.17 

53.40 Dec  93  5107 

5Q6DJrtiH  5567 

5960 FTO  94  1567 

54X0  Mar  M 5*62 

*46OApr0  SJS7 


1462  NovW  17.94  18.U  1765 

1*0  Dec  *4  1£1D  1£21  1162 

15.11  Jan  95  1119  18X5  1112 

15X8  Feb  95  1119  1868  1111 

15-CMarM  Ills  1BJB  1114 
15J8Apr9S  1123  IBJ3  1123 
l649AAay95  1864  1825  1134 

15X3  Jun  K 1119  lflJQ  ill? 
110SJMH  1125  I860  1123 

1116AUB*S  1L30  1130  I860 
1767  Sep  *5 
1462  Oct  95 
17.15  Nov  95 
1660  Dec  95 
1765 Jon  to 
1119  Feb  M 
17.15  Mar  94 
AprW 


42X5  Nov  94  4560  *US~«5 

6065  SDJODecto  54X0  5560  51X5 

5860  503  Jon  95  JiJO  J4JS 

3865  51.10  Fet)  95  M6S  SLID  5140 

55X5  3260 Mar 95  55X0  55X0  S5J5 

5960  5155 Apr  73  5BH  5»JS 

S3  B-10  *» 

5760  55J0JW95 

%%  5A60  SA60  5180 

sen  si  is  Nov  9s 

54X3  5USD9C95 

57.15  540  Aug  M 

Est  sales  11107  Tu+s.  rotes  20692 

Tub's  open  Ira  67608  off  472 


1101 

1114 

1124 

18X8 

1131 

1132 

1133 
1133 

1133 

1137 

1137 

1861 

11*2 

1143 

1865 

IM 

1861 

1864 


45X4 
SS.12 
5175 
SM 
55X5 
59  JO 

Ut 

S8JS5 

3740 

5120 

55.10 

5175 

5U0 

570 


+ 00  386191 
+122  *3-T7Jl 
♦0X2  31.07; 

+0X2  14,957 

+00  12X29; 
+00  4681 
—118  4655 
+ 00  £202= 
+ 00  4X34  . 
+022  1XSS; 
+00  160. 
+00  U11V 
+OX2  712" 
+ 042  L9»: 
♦00  47 A* 

+00  on: 

+0JB  320, 

+ 00  TO 


-067  81081 
—006  79J53- 
— 067  52.153: 
+062  23679- 
♦IDS  22J3S, 
+ DJP  15X33 
+ QJH  10624, 
+109  24644’ 
+11011605, 
+0.11  S,«1 

+112  11699* 
+113  3,94i!" 
+114  46U 
+115  I860: 
+114  6605 
♦117  1672; 
♦111  »JW 
+119  l! 


— J 2769T 
+113  15626- 
+120  9 60S 
+0X0  463T 
+115  1X32 
40.15  3675 
+060  2X67 
+ 0.15  923 

+015  1,130 
♦0.15  45k 

+0.13 
+0.15 
+0.15 
+0,13 


s 

130 

sdi: 


Stock  Indexes 


9BBTVa 0 

22  $SISS^SSSffi3  93 

«£00  44460 5ep0  IMP  *4460  Sag 

Eft .Mies  NA  Dje'Lsrtes  100631 
TUe'eaeailnt  225,137  up  4537 
NV3EC0MP.MDCX  (NYFB  HUm— 
24460  237.  II  Dec  9*  25160  251 JS  248X0 

*•460  24BJ0  AAar  93  2SUS  K2JK  SS 

24560  25460  Jun  93 

242X0  2620  Sep  K 

BLSIM9  NJLVtWB 
Wto’aepanM  4695  up  239 


45425  —060714X43 
—US  267* 

441.05  — a9£  2^78 
44S65  -060  120 


SH5  +<i» 

255.15  —068 


Commodity  Indexes 

Reuters 
0J.  Futures 

CoftLRtraarch  VBJto 


Previous 

U56.it>> 
108360  ■ 
153.74  : 
23QJ0  ’ 


1 


i 


Page  14 


INTERNATIONAL  HERALD  TRIBUNE,  THURSDAY,  OCTOBER  6, 1994 


Bouygues  Shares  Rise  on  Phone  Deal 

been  delayed  several  tuna,  causing  some 

Edouard 


PARIS  — Shares  of  Bouygues  SA  rose  2 
percent  Wednesday,  a day  after  the  com- 
pany won  the  right  to  lead  a consortium  to 
provide  the  third  mobile  telephone  net- 
work in  France. 

Bouygues  shares  jumped  to  587  French 
francs  ($1 1 1)  from  576  francs  Tuesday  on 
the  Paris  Bourse. 

The  French  government’s  choice  of 
Bouygues  ended  a three-way  battle  involv- 
ing it  and  Alcatel  Alstbom  SA  and  Lyon- 
naise  des  Eaux-Dumez.  The  phone  net- 
work license  lasts  for  15  years. 

The  politically  sensitive  decision  had 

1 


to  speculate  that  Prime  Minister 
Bahadur  was  trying  hard  not  to  alienate 
potential  political  allies  ahead  of  next 
year's  presidential  election. 

The  government  also  chose  Bouygues  as 
part  of  a group  to  build  a stadium  near 
Paris  for  the  1998  soccer  World  Cup. 

Bouygues  also  said  Wednesday  its  first- 
half  net  profit  rose  19  percent  and  that  it 
planned  to  raise  I billion  francs  through  a 
stock  sale  to  current  holders. 

The  company  said  first-half  earnings  rose 
to  94  million  francs  from  79  million  francs 


in  the  1993  first  half,  helped  by  a 14  percent 
increase  in  sales,  to  293  billion  francs. 

The  results  reflect  the  consolidation  of 
its  TFI  television  subsidiary  for  die  first 
time.  Excluding  TFI,  sales  totaled  29.3 
billion  francs  in  the  first  half,  unchanged 
from  a year  earlier. 

The  mobile  phone  partnership,  called 
Bouygues  Telecom,  will  be  5 1 percent  con- 
trolled by  a holding  company  in  which 
Bouygues  has  a 74  percent  stake;  Jean- 
Clande  Decaux  SA,  a city  service  compa- 
ny^ will  control  the  other  26  percent. 

(Bloomberg,  AFX) 


NYSE 

Wednesday’s  Closing 

Tafiles  Include  tne  nationwide  prices  up  to 
the  dosing  on  Wdi  Street  and  do  not  reflect 
late  trades  elsewhere.  Via  The  Associated  Ptbss 


T3  Month 

I HBh  Lon  Boot 

as 

Oh  VM  PE  IMS 

Hsh  UmLohttCh'ec  I 

■ 

L.  . 

T-U 

^ J 

(Continued) 


I?  Vtcnrti  5b 

HfahUwSm*  Ph>  YW  Pg  las  High  LwLJegCh'Bc 


CURRENCY  AND  CAPITAL  MARKET  SERVICES 


DO  YOU  WANT  TO  KNOW  A SECRET? 

The  I.D.S.  Gann  Seminar  will  show  you  howthe  markets 
REALLY  work.  The  amazing  trading  techniques  of  the 
legendary  W.D,  Gann  can  increase  your  profits  and 
contain  your  losses.  How?  That’s  the  secret.  Ring  44  61 
474  0080  to  book  your  FREE  place.  


Catch  The  Big  Moves 

Commtrac,  the  computerised  trading  system  is  now  available  by  fax. 
Commtrac  covers  over  75  commocfilies/finandal  futures/indides 
with  specific  "Buy",  “Sell”  or  “Neutral”  recommendations 
Request  your  5-day  free  trial  by  sending  a fax 
to  Carol  on  0624  662272  int  +44624  662272 


FUTUR 


Futures.  Options 
FX  Sl  Derivatives 


| Foreign  Exchange  direct  dealing  24/24H 

EH  Dealing  rooms:  Singapore  Aondon.New-Yorfc 
El  10  yean  experience  - advanced  technology 
E]  5%  Margin  deposit  - US$/  OEM  6pips 
El  Free  dalyfax  analysis  - strategies 
CALL  BRUSSELS  (322)  512  0121 
CALL  PARIS  (331)  4622  1920 


ECU  Futures  PLC 
23  Chesham  Place 
Belgravia 

London  SW1X8HL 
TeL:  +71 245  0088 
Fax;  +71 235  6599. 
Member  SFA 


FUTURES  & OPTIONS  BROKERS 


$32 


I «%  y ROUND 
' ^ ^ TURN 

EXECUTION  ONLY 


FullerMoney  - the  Global  Strategy  Newsletter 

FullW/oiey  it  writers  by  David  rvllsf  fcr  (nter-sfionrr  nv^i^j  - I6page>.  • 


USD/DEM  3-5  pips  DEM/JPY  2-3  pips 


Competitive  FX  spreads  with  no  further  costs 
Experience  - Security  - Analysis  - Strategies 
Trading  facilities  based  on  margin  or  company  balance  sheet 
Direct  Dealing  24  Hours  - London  - Berlin  - Copenhagen 
RUBICON +49  30  Tel : 835  9330  / Fax:  882  4266. 


Commodities 
on  the  Move 
TYme  to  Speculate? 

Call  Philip  O'Neill 
Tel.:  + 44  71  329  3333 
Fax:  + 44  71  329  3919 


Everyday  Offer  1b  Professional  Traders 

US  ConmMOlyEntaflgn 

$24, 


I TOLLffiffiNUMBgtS  I 

USA  fiOMff7~4879 
144 


Signal 


O 13Q+  software  applications  O 
O RT  OATA  FROM  $10  A DAY  O 
o Signal  SOFTWARE  GUIDE  O 
Can  London:  C 44+  (0)  71  231  3556 
far  your  guide  and  Signal  price  list 


Currency  Management  Corporation  Plc 

11  Oki  Jewry  - London  EC2R  8DU 
TeL:  071-865  0800  Fax:  071-972  0970 


MARGIN  FOREIGN  EXCHANGE 


24  Hour  London  Dealing  Desk 
Competitive  Rates  Sc  Dally  Fax  Sheet 

Call  for  further  information  Sr  brochure 


CURRENCY  & FVTORES  TRADERS 


JiHnim 

* DAAY  FAX  SBtVKX  lor  38  IWn  - PoiHion  Inode  with  specific  en'iuj/exibAfcyn 
Profit  in  pcul  6 nonin  exceeds  3100  000,  tnaAnq one  ccnSod  breach  iferwl 
Subscribe  for  linenAs  fc*  USS  3,500:  of  6 menfc.  farTKS  6.500.  or  1 ym  fc?Sl  2.000. 

1 NOTE  EACH  HAS  RU  MONEY-BACK  GUAKAHTK  We aenoiCrA'i. do noi prone pnfib  irtcuredxxif 
.MANAGE)  ACCOUNTS  USS35.000);  abcU  CUSTOM  PBOGBAMSfcr  YOU*  bwjnteintna!  a 
Cdl  3Q5-251-6762  or  800-392-2664  - Fmc30S- 254-3272 
LIMITED  AVABAB1UTY.  act  NOWI! 


TW-FREK  SPECl LATION  IN  Fi  ll  RES 


To  obtain  your  tree  Guide  la  haw  your  Fouacial 
Bootmaker  can  help  \ui.cail  Michael  Murray 
pr  bn  Jcnbrr*  on  ()?|  B28  711 1 w wnle  In  ii\: 

|G  lt»le»  Plc.  1. 1 1 Giu-venor  Guldens. 

**  »*  ,lBD  -Ml 


CALLING  ALL  CURRENCIES  - 0839  35-35-15 

Call  uow  for  the  latest  currency  rates,  vrith  2 min  updates  24  hours 
a day.  For  details  of  our  full  range  or  financial  information  services, 
call  071-895  9400.  Calls  are  charged  at  39p/min  cheap  rate, 

49p/mfn  all  other  times. 

Futures  Pager  Lid,  19/21  Great  Tower  St.  London  EC3R  5AQ. 


Futures  Call 


For  further  details 
on  bow  to  place  your  listing  contact: 
WILL  NICHOLSON  in  London 
TeL  (44)  71  836  48  02 
Fax:  (44)  71  2402254 


H V 


f mih 


tit 


ZQ4  71  Z 

JR  ,8  = 
fe  4 §3 

'■®  71  n 

” 'i  1 3 


s -1 

»v 


213 


41 


— <5 


* M 3 

is  * % 


*5  0 1 


rs 

ut  a| 

me  in  ** 

■»  3 ft  11 

i m *2  ft 

its  h S 


Is 


SOM  'S3  ft 


3 


1 1 


M 8! 


if  s ?’! 

132 


9S 


ji  8 i 

pad 


£ 


rpf  X7S  m3 

« n 


nh> 

* , = « mt 


.M  3 = 


mr  a-T 


m 


M 7 


i: 


% 13 

40  1/1  PS  1$ 

2 JM  Cl 


3 4 


"3 


1 8 
01  3 ” 


pPiSi 


4* 


g. 


&• 


l 3 9 ? , 

I ,jk  a » j 

' ifls 
l "1  € ? 


HcraltiSSribunc 


S B F ■ PARIS  BOURSE 


Published  by  the  International 
Herald  Tribune,  in  coordination  with  the 
Paris  Stock  Exchange,  the  1 994  edition 
includes  detailed  profiles  of  all  the 
companies  in  the  new  SBF 120  Index. 

Launched  in  December  1993,  the 
SBF  120  is  made  up  of  the  CAC  40  plus  80 
other  major  firms.  Its  stocks  gained  32.8% 
last  year,  making  these  the  companies  to 
watch  in  the  coming  years. 

Each  profile  includes:  head  office, 
CEO,  investor  relations  manager, 
company  background  and  major  activities. 


recent  developments,  sales  breakdown, 
shareholders,  subsidiaries  and  holdings  in 
France  and  internationally,  1980-1993 
financial  performance,  and  recent  stock 
trading  history. 

French  Company  Handbook  is 
updated  annually  for  financial  analysts, 
institutional  investors,  corporate, 
government  and  banking  executives, 
documentation  services  - anyone  who 
needs  to  know  about  the  leading 
companies  in  the  world's  fourth  largest 
economy. 


SBF  1 20  INDEX: 


AGCO* 

acf 

AttUOUtQE 
U£Xm.MXnKM  . 

AfXATQ.  cable 
AM 

BlULfNVESRSSatKNr-. 

wc 

ww 

BOUDBtTBamaufites 

80NCJWW 

BOUYGUES 

PSK 

GMUU 

CWCEMM 

CARNAlfl)  MSTAUOX 

CAfeREFOUK 

CASINO  CWCHMtD- 

POBWHCWBrOE  • 
OBrORAWMMfflOiS 
HVESnSSCMENTS 

CCF 

cmuM 
OOP  , 

QMRCnBtS 


a&WTAGWCOLE  B5T  . J 
CHEorrRjwaoi  qe  iaamCc 
CMMTtOOO/PGFWWa:  ■- 
~ riSOHNMS 

CNAnONAL  ■ ■ ■ 
T;  ■ •• 

tnaaoemiBX 

SiE  V.  ■' 

aJAOWTMNe 
CBBMNM.BfiXaWSAY  ' 
ESsnOR  B^IEANAtlORAL 

«SSO_  •'  • ••  -7  .• 

EURWH^tfE-  • • • 

EHRODttNfVS.CA. 
niRo«scGww 
EilfiOffll 


rrrjinn  • 
L£Gfi»WDOSnaES 

UflONTIAISt  DCS  &4iiuwaz 
, WOfEUN  • 

■Moumffx  ..  ..  / 

■MAFftAT 

YMMCAnON&gm: 
i««Msr  ' 

VOREAL 


aSatMlMCNOt  __  -•  . yj  y/c 


- . T-'.-.friF.  ■'! 

THE^) MIDDLE  east  • 

EASTERN 
MEDITERRANEAN 


■7  •■*■•••  j-: 


SOVAC-  - ’ "•T-T'f*'-'- 

SW&66JCWIX9  ^ 


PEBNOO«KWn>  . 
psueaof.  * 
MNAtappB0m9M>&«a>o(ri« 
PLASTY  OMNRa* 

. poucr 
.PMMACAZ 
:T>wwK»es. 


ik*.  'T'?-**" 

TT*  * • - - *:>:•#• 

■ 5x557^..  . ••  • - 


UJU>/ 


co«s>ACi«e< 
pasEAia 
.CPWRM8.M00IRME5 


GW  - .-  '• 

CA2&EAUX 
Cm^NTREPOSE 
GUXtXNE  £T  CA6COCJSli 
HAVAS 

^yal:  ; . • , '. 

- • 

wrotfiAu. 
jaANternwjtE 
tdiaBlcomx 
tACAfSWW  • •.  „ 


aar:-  ■■ 

nwttwa sc-^.Vv 


fce&mMs 

REXEL  - 
RMtWtJXJULENC  . 
eoussetrUoAf 
SAGEM 

SAST-CO&6N  . 
■SMftMOWS  .• 
SALOMWSA  ■ 
SANfXT  •• 

sameum 

S29SA'  •• 
9£HMKi-  . . 

5GE  -«  ’ ' 


.wowweEfle^” 

2BOMC 


d'A. 


pwstHesei308)a^<aE& 


....  _ 

fBSKPXgtr/t.  -tT-; 


Return  your  order  to  International  Herald  Tribune  Offers. 
37  Lambton  Road.  London  SW20  OLW,  England. 


For  faster  service,  fax  order  to-.  {44-8 1 ) 944-8243 

Please  send  me copies  of  French  Company 

Handbook  1094  at  UK  £50  (US$75)  per  copy,  including 
postage  in  Europe. 

Three  or  more  copies,  20%  reduction. 

Outside  Europe,  postage  per  copy:  North  America/Middle 
East  £3.50.  Rest  of  world  €o 

Please  charge  to  my  credit  card: 

□ Access  Q Amex  □ Diners 

□ Eurocard  □ MasterCard  Q Visa 


CARD  N*. 


.EXP. 


SIGNATURE 

[necessary  for  credit  card  purchases! 
NAME  its  bubcx  imttel 


POSITION. 

COMPANY. 


ADDRESS. 


C5TY/COU  NTRY/CODE . 


COMPANY  EC  VAT  ID  No. 


Economics,  BiuituM  and  Politic*} 

ASTIR  PALACE  HOTEL.  VOULIAGMENI,  NEAR  ATHENS.  10-11  OCTOBER,  1994 

This  exceptionally  timely  conference  will  highlight  the  enormous  potential  for 
business  and  investment  unleashed  by  the  Middle  East  peace  process.  The 
focus  of  discussion  will  be  on  business,  investment  arid  infrastructure 
opportunities  in  Jordan,  Israel,  Lebanon,  Egypt,  Gaza  and  the  West  Bank. 
The  impressive  group  of  speakers  addressing  this  major  forum  includes: 

H Abu  Ala 'a.  Minuter  of  Economy,  Palestine  National  Authority  and  Managing  Director,  PEC  DAP. 

0 Yossi  Beilin,  Deputy  Alinioter  of  Foreign  Affairs,  Israel 

0 David  R Bock,  Managing  Director,  Lehman  Brother v International  (Europe),  London 
0 Roger  Edde,  Chairman,  Lebanese  National  Congreo # (LNC)  an d Chairman,  HOK  Intercontinental 
0 ME  Dr  Ziad  Fariz,  Advisor  to  HRH  Crown  Prince  of  Jordan 
il  Dr  Jacob  Frenkel,  Governor,  Bank  of  Iorael,  Jerusalem 
0 Rahmi  K09,  Chairman . Koq  Holding,*  AS,  Istanbul 
@ Manuel  Marin,  I ice  President,  European  Commivoion,  Brunei} 

0 HE  SbeiJkh  Ahmed  Zaki  Yamani,  Chairman,  Centre  for  Global  Energy  Studies,  London 


•> 

s'" 


•* . 
TT. 


Conference  Location 

ASTTR  PALACE  HOTEL.  VOTJLIAGMENI.  NEAR  ATHENS 
TEL:  (50  1 ) 896021 1/311  PAX:  <30  1)  8962582 

Situated  on  the  coast  and  surrounded  by  80  acres  of  private  land, 
the  Astir  Palace  Hotel  at  VouJiagmeni  is  just  30  minuteb  by  taxi 
from  central  .Athens  and  10  minutes  from  the  airport.  The  calm, 
relamng  atmosphere  of  the  hotel  creates  the  ideal  climate  for 
focusing  on  the  key  issues  under  discussion. 

Co-eponaored  by 

HcralblS^gribtmf 


AMERICAN  HELLENIC  CHAMBER  OF  COMMERCE 

Corporate  Sponsors 
COMMERCIAL  BANK  OF  GREECE. 
HELLMUTH.  OBATA  & KASSABAUM  (HOKj.  INC. 
JOANNOU  & PARASKEVAIDES  (HELLAS)  S.A. 


For  further  information,  or  lo  register  for  the  conference, 
please  complete  the  form  below  and  send  or  flat  ux 

Fiona  Cowan,  International  Herald  Tribune, 

63  Long  Acre,  London  WC2E  9JH 
Tel:  (44  71 ) 856  4802  Fax:  (44  71 ) 836  0717 

The  conference  fee  is  £650.00+18%  FPA 

□ Pteatr^oul  me further  Informalmt.  O Please  invoice. 


Tide  (MRotRSObnuss) . 
Lost  name  — 

Position  


. First  name . 


IHT 


Company . 
Address  _ 


Gty. 


.Country. 


Telephone  , 

■— 


-Fa*. 


IS 


..fcaTiW  .16 

UW  i6ftBostOi 
!■»>.  <''JnilTf 


1«  njM  an  J11T1  Jin  — 

325  Ml  16ft  15%  15*6  — % 

_ _ 384V  lift  10**  III*  + *6 

2J  6 207  33**/*j  32%  33  — % 

W SS1D  20V*  IP  20V*  *•% 

33  2474  13H.  17V,  |J  — ft 


AMEX 

..  Wednesday's  Closing 

Tables  inducts  the  nationwide  prices  up  to 
the  closing  on  Wall  Street  and  do  not  reflec 
flats  trades  elsewhere.  Via  The  Associated  Press 


12  Won*'  Sts 

Ugh  low  Sax*  Ottf  YM  PC  'Ms  Hfrh  UmLnUBiQi'pa 


9%  B AIM  Sir 
37  23  ft  ALC 
12'/*  8*.  AM  Inll  n 
Hk  VjAMInwl  _ - 

141.  9UAAAC  - 18 

I.7S  7J  _ 

MW  72  ARM  F pi  2.38  11.1  - 

3 IVhASK-,  5-3  - 

75*661*6ATTFd  2.72 e 4J  _ 

Vh.  lft  Action 

8*4  4Vi«  AciriRse 


5 ft  HuAdvFIn 
17%  IWtA 

i*4Advm> 

.■bft  eftAirWW 
'fSW  WgAlrCure 
3"%  2HAIrcoa 
7%  4 Alamco 
12%  BWAIboW 
5%  JWAIWtCtn 

Bji  Z 
IS 

1 1 % n» 


Jl  6A  ..  82  aw  8 8 — ft 

_ 20  1414  32'A  30  31*6  —V* 

„ „.  9 life  11%  1116  *ft 

_ _ 7 IW  lVi  IW  — % 

_ 18  44  T2ft  17W  12'.*  _ 

rj  _ 1 24’A  24 VI  24%  _ 

. i u » 2v  n - 

1.1  _ « 2!ftd21*6  2IW  — *6 

1.2  _ 39  2Vu  2W  2V»  ~ 

12  ..  84  44%  63%  44%  _ 

-1»  M lVi  5 2V*  »W 

_ 14  129  Bft  6 8 —Vi 

_ _ 25  179  1%  1S»  - 

_ 55  303  14  14%  15% 

_ 5 634  lift,  >Vi»  1 ._ 

_ - 31  lftctl’ft,  |m/w— V» 

_ _ ISO  7ft  d 6ft  4*4  — «•» 

_ 313  11  3V»  3W  3V6  — % 

_ 14  20  3 2%  S 


9ft  4% 

44  SaftAicoa 
10'  . ift 
IV,  % 

14ft  9% 

TOW  15W  AFstRT  1 JO  9-4  _ 9 

JO  ISWAmBOt  s .15  1 10  34 

16ftl3WAIM8S  IJ4  11.1  9 » 

14%  11  MAIM  84  It  120  10.0  10  15 

15  llftAIM88n 
19V,  13WAmUW 
23Y,  1SU.AM20A 
23W  l-JWAMzffH 

14%  iWA/nPoon  ... 

9%  4P6  AREInv  n Jl  11,4  . 28 

11%  7%  AKKTT  JA  8.1  4 *5 

4%  2%  AScIE  - ...  36 

.5%  ^ = S .3 

34%  9%a5S«i  7M  614 

4 I V*  AnCAmo  „ - 33  13 

15%  WAnBPor  UJOe  J S 

10W  3ft  Anuhcn  - 21  57 


3J5  £J  _ Z£0 
_ _ 372* 

-.  ..  !Q 

P2  1J5  114  _ 31 

*RT  1J0  9.6  - 9 

011  .15  J 10  J4 


J»0  82  11  36 

JOb  42  16  17 

M 22  14  65 

.64  2.9  13  7 


11'.  6%AfHRH 
1*4  'ViiAMmin 
10  6W  Arrow  A 
U'.  3%Arnvtn 

4'4  2 -AStTOtC 
12V.  2 Hi  Atari 

’<) 

18*6  6V,  Aodvox 

7% 

Ml  5 AwnorEi 

2fi  2 Arcon 


1%  U'uBBiHMr 
SV,  2%  EM  HO 
17V,  11*1  BAT  I 
B2W72WBHC  .. 
27%  19  BodorM 
11  3*4BO*er 
S’i  JftBoUW 
231, WftBartFd 
14%  lav.Bgnstr  a 

?5>,  2116  BT  0,7% 


z”  % 
z * M 
z\l  1 

3T  20 
•_  _ 3854 
.10  1 J IB  jl 

■;  i B3 
„ 940 
- 10  235 
„ ..  378 


7W  d 4W  4*4  — 
3V*  3W  3W  — W 
3 2%  S 

4%  6%  4%  ... 

10-Vi  10%  10%  — w 

3%  3*4  ?*i— VU 

>?*  14^S  17^  Z 

TVU  d • W W — ’W 

3%  3%  3Vi  — W 

8M  Bli  8 Vi  — > 
4%  6 »V4 

h TV  TV.  _ 
54%  56%  56%  — % 
8V,  B BW  *W 
1%  lVn  1W.  — Vl. 
11%  11%  11%  — % 
15%  15%  15%  — % 
25%  74%  74% — IW 
l>Vu  2W»  2>VW  - % 
lui»  l1'.  I1’. — Vn 

SV,  Tft,  Iff,  ... 
14  13*8  14  ♦% 

12  12  12  - 
11%  11%  11%  +’i 
18%  18  V,  18V,  — >2 
22%  22%  22%  — % 
22%  22%  22*1  — % 
8V.  8 8%  — % 

7V.  7 7 V, 

7*5  7%  7%  _ 

5%  JW  S%  ♦*, 
3%  3%  3%  tV« 

9 8»  8%  *,% 

1%  1 Hu— 

22%  20%  ^ '% 

5’A  5%  SjA  - 

aw  aw  bw  — % 
a%  aw  iv  — % 

7'.  7%  7W  — 

'Vi,  d % ’V„  „ 

7*,  7%  7-1  ~ 

3%  3,  3%  +% 

3%  2%  2*0 

7 4W  4W  —'.1 

5%  5^  5W  - 

% % % T"u 

7*1  7%  756  _ 

lVi.  1*u  l»v 
5W  d 4*',  45,  —V, 

Wu  21ft,  2Vn  r'.'n 


75>,21%Btcv7W  1^  6.7 

261»20*iBYcv7%  1.90  9.1 
V,  VjjBonvHJ 
2%  WuBoomSh 
26’.*ir»garyV.D 

l vs, Bar  ■dr 

LfSUV-  = 

1%  IWBSMKDWt  ~ 

Vi  Tgj^jaSs  = 

361i39%MMBK"  2-01  “ 

>-H  »/b  Betmoc 
26%WmBendiE 

tVt  iWBo^ye  ~ 

104  BT-jBcrsCn  3 Joe 
15%  SWMMM 
75%  10  JM*A  - 

3V,  %BloMvn  - 

8%  4'„BHivall 


”ij%11WBCAffl 


»ij%11UaCA«  Jfad.9 

r 36ViBIOirCO  20SO  4.9 
35*j  21WB1CS5U10  JO  fl 
45%14lwBtOUnlA  J7  IJ 
l#W  13WBoddjf  1J4 

5%  l%iBownv  -■ 

28%  UV»Bn*ng  J6  J1 
9%  7'5BradRE  .44  8.7 
17%  9*kBnjnt*i  ,J8  1J 
1C.'.  9WBr«Cna  V04  7.4 


1 u i;- 

3't  i'.l 

i3Vh  lav, 

77%  77 
25%  2S*i 
4%  41ft. 

S%  S% 

22  32 

10%  10% 

21  "d  TOW 

?s  r 

23*i  23 

30*3  J9% 

T*  ’ft 

3 3 

3%  3*i 

*v«  3*«i, 

» 3*4 

35%  »*« 
>Vu 

25*,  34% 
6%  6% 
W 89W 
5T.  -5% 
35  S4, 

UlB  % 

BVi  8% 
7Vt  2% 
lO’o,  10 

nv»  it'-a 

42’,  ti'a 
33*4  33'  , 
43%  47>j 
14'  , 14  'i 
17%  17W 
3 Vi  3V« 
17V,  0 17 
7W  9J| 
14%  15% 
14%  14V* 
3 3 

17,  IV? 


IV,  _ 
JVi  *'li, 
13'A-V« 
77V,  — % 
25V,  -% 
4V>  +l'|* 
5%  ~ 

2z  — 
10%  —V* 
21%  _ 
201k 
Wr  ♦‘lit 


30% 

14‘a  —Mi 
3U  — % 

3%  ,vi 

2"ft, 

2%  ... 
35%  — % 
% E. 
25*4  ‘ % 
6%  - 
90  —5 
5"%  —v: 
34%  — % 


7'1:  - 

10%  4*'l 
11 V--  _ 
42*,  r 
33V;  '.T 

43  —’4 

14W  +'•* 
17V, 

171’, 

7*k  — '■* 
15%  — *a 
14*1  —'A 
3 *v„ 

Wu 


WWISWCPVCP  jjdTT 
J4BHJ 

9%  4*wOftl& 

frhzzssh  m :i 

an-,,  i%cmw* 

157k  WmCbttW  n 


14  4 law 

7 52  5*i 

_ 40  7% 

& 

" 65  M*3 

^ ft. 

8 S*  W*k 

Z aS  is*5 


18  18  — •« 

5 5'»  — *■ 

7W  7V;  -*• 
6V*  67»  — 
1*’«  lVi.  *'! 9 
14%  14% 

Vi, 

56%  57*? 

y*:  & t% 

tl'5  iV'5  . % 


12  Month 
■High  Low  Stock 

2*,  Ccrmb  wt 
19  W Co  more 
10  CMWC8 

9%CopRI2 
10%C«wRI3 
62  CoroPpt 
8.  Corlootn 
BWCosrteAi 

7WCotalLf 
ID  WCovtilH  s 
4WCartTcn 
VuCentTc  «6 
17%CnrrPrn 
4jW,gCda° 

5%  Chad  A 

WuOiOevA 
2Vi,OlD£vB 
*5v,CtwEn 
21  ChrtMed 
9%Qflf>wr 
b OiwSts 
26%ChlRi 
13%  Chief  . 
34  ChflnlPl 
B'wCrcoPn 

28%a«JTCs 
W-aintCP 

6 Coos*D 


7%  ColuEaa 
78%Comutc 
4WCmciAst 


7%CuitMH 

?%Convrsn 

SWCnv&IE 
IWCorMC  n 
6 CCBcsh  n 
lawCraM 
14%CmCP 

13  OnQpa 

UWCwnCr 

2%CruisAm 

20!,  CryslOIT 

UWCurtce^ 

2%Custmd 

ViCvromm 


4’  4 2WDRCA 
9%  * DcnlHtl 
4%  TAOdoTlI 
10%  4WDarorom 
7*.  T’Vi.DavilT 
4 1 Oo«1  wt 

8'i  5 *4  Day  or 
12%  7W  Decor  or 
B*>  5MDe*Elc 
r4%31',DefLrt>5 
27 V,  l7*»Devnf 
3'.,  2'V.ipfog  A 
3%  ^uDlol^n 
9%  3*ri,D«ilCT 
12%  10  DIAAAC 
19*»  9S)DitTOr1ti 

10  3V,Di0des 
9%  WDiyCfim 

10%  5>«DixnTlc 
20%  MWDoneHV 
low  7WDryCal 
11%  aWDnrl  ftlW 
11*4  BWDrVfNV 
5%  2%Ducc«n 
n%  awDupiox 

5W  lliEZServ 
17%  ll%E54nCO_. 
48,  j33'-.EChBP  p* 
1S%  9%EcfK®Or 
16%  VkEcotEft  _ 
4 ItjEXSStOWt 

10%  5?d  E0.5I0 
5%  l%Edilefc 
47*1 30W  Eton 
32%15WElon'*rt 
36Vi22%EIOnull 
12W  6%EIOorad 
3%  2'4EICO«n 
B%  3WEttinor 
9%  BWEiswm 
19'«m,ENSCOs 
6%  JWEnvrTC 
41%  7%EitcoBj 
24V,  13'«Epitt»e 
14%  13'lEoGlhl 

!:%  55I3&SS 

I IB1/,  lW.&A!UiU 

8W  lWEscogn 
IS’-,  13WE6pev 
1 3*i  ^SEsaxPn 
13'6  SWElzLvA 
14Va  0%EfzLOV 
70%  M'kExceJ 
6%  3WFFP 
3Vm  1%FPA 

Wiftnaor 

39*1  ?1  W FMtrtld 
TdViiJVaP'no 
19*i  12%FinFffl 
14%  7!iRAusf 

11  9 FAusPr 
n 5*-?FtCnfr1 

221/1  |7%FCRS5«H 
12V,  ID  FstOlV 
1«S  132VtfiEn» 
10%  7 Flitter 
7%  3*,  Fl onion 
21  Vk  14%  RoPUt 
34  W 23  V,  FlaRcl-. 

32  J2%Fh*e  . 

SD'.iJff’.iForetLO 
il/u  VuRtrlPtWl 
3%  1%  Fori  Pci 
awfi-nfcin 
5%  3 FrkSeln 
R-i  l*0pKSu0P 
9 JViFrracnlos 

15lk  llvsFrtsetts 

3%  IWFranlAdl 


9* 

Di*  Yld  PE  1005 


12  Month 

High  mw  Stock 


51s 

Div  nd  PE  lODs 


LowLclesiQi'ge 


12  Month 
High  Low  Sloe* 


Div  vkj  PE  10%  High  LoiMLotniOi'ge 


36 

Div  YM  PE  100* 


JO  J IS 
JB  ,B 
A0  — 54 
.96  8J  34 
.96  9A  24 

I AS  116  l« 
5.00  7J  _ 
_ 49 
J»  2J  14 
1.40  Q 6.7  _ 

M 3 11 

- 39 

1J0  7.6  1 

.01  J _ 
1A50  »J  _ 
JSt  4JJ  _ 
A0 1 10  24 
_ 43 


62  4%  4V,  4% 

48  26%  26  24%  — W 

m n%  ivy,  i iv, 

7 22%  22%  22%  — *5 

8 17  11  11 


7 22*4  22% 

8 11  II 

10  10W  10% 
26  10%  10% 

Tj'M  64  S4 

65  10  9% 

12  13%  13% 
J3  24 Va  24 
235  11V,  |1% 
201  13%  12% 
100  8W  8 
152  IV,  1% 
10  19%  19% 
266  5%  5% 
16  17%  17% 
49  8%  j% 

48  aw  b. 

2720  2%  2% 

S 2%  j% 
548  38%  37  W 
1033  27%  27% 
48  14W  14 
6423  9 % 9W 

9 31  30% 

S14W  14% 
25  24*4 


aS 

11  r. 
10U  -w 
low  —% 

44  +1% 

9%  — V, 
13%  ■?% 
34  —V, 

11%  — % 
12%  — W 
8*4  — W 
1%  — W 
19%  — V4 
5%  > W 
17%  _ 

8%  —>'* 
a — % 

7W  —Vi 
3%  +'/w 
37% — 1% 
27%  — W 
14%  — V» 
9%  — % 
SOW— 1W 
14%  — V4 
24% 

15  *% 

4 _ 

8%  _ 
44% —IV, 


25  it  - 

M AH  TO 

7.  16 

.12  .8  15 


J3,  2.B  138 

-481  ” ’,1 


2 7 7 

8 ns,  2W 
is  9v*  a tw 
810  4tVf,  4W 
748  4%  4Vi* 

14  9 9. 

M 17*4  17% 
241  6%  6V, 

44  14%  14. 
30  12W  1IV, 

3 13%  13% 

96  3Wh  3% 

4 S%  5tk 
BO  2%  TVi, 
30  10%  10 

97  16V,  14 
44 1 17%  17% 

;§  16%  i4 
42  15%  15*4 
18  3W  3V. 

5 25%  £% 
41  19V.  16 

177ulB%  18% 
7 an,  3Vu 
712  2W  2 


17%  — 'A 
6W  —In 
14% 

12%  ♦% 
13%  — W 
2'%,  _. 
5>  — W 

&T^ 
16%  — % 
17%  ♦% 
16W  +% 
15W  — W 
3%,  — W 
25% 

19%  ♦ W 
IB*.  _ 

ftzfc. 


2 ft  8%  Itt 

fS  ft  ft  JSS 

§?  ^ ift  .r  tjs 

39  6 W 4%  6 W 

5 24%  26W  26%  tV, 
155  19%  19%  79%  _ 

25  A 3>Vu  3“ft,  — vu 
107  IW  1*4  l°w  _ 
51  3*S*  3 3 — Vu 

41  12  „ 11%  Il>  — % 


7W  lWGovfCvvt 
151',  7*6Getm5S 
l'V„  WGnAulo 
5%  IIiGnEmp 
'So  Vi.  Gem  sco 
13%  OW&onvOr 
26%  19VlGiDnlE0 

1?%I 

19%  l4*4GtatfO 
17%  llWGtobSrrt 
14%  7VSGloWbnk 
3W  1 U Go  \ftdeo 
6%  5*4CotdCpBn 
17W  BWGldStarP 
% %GtaFla 
13%  SMGktwSam 
3*4  IVOnng 
7%  4%Grenm 

7 JVVGmTetn 

jSSibSSSE 

^ %ggs. 

3W  2%afCdapr 
5%  3%.  Gull  Lb 
12  V?  4%Gunale 
8%  SWHMGDot 
2 *4HMGwtA 
9 6%HoiEP 
3%  IWHalIRTv 
7*5, 1'VuHalsw 
7%  5%Homc?ll 

TV.  uV.HongOr 

7%  3%HanvDir 
’Vu  %Hanw1B 
3*4  iv,Harkeo 
5 3%Harlvn 
14W  5%  Harold 
16  W Vs  Harvard 
1 WHorvev 
40'/,  28  % Hasbro 
4x,  2*4Himcn 

MS,  WHtthPro 
.3%  I.  HimAm 
^4%  llWHoanlnd 
14%  VWHeta? 

8 3%  Hen  Wr 
7%  JVSHefionet 


22%14WHrtalUd 
5%  3*4HiSnrTcn 
15'A*2  Higtllncn 
2>Vm  MHaiCD 
33%  24  HctfvCp 
22  5%  Honda 

14%  7%HoocHI 
18%  7'AHbvnEn 
11%  4 Hawtek 
20%llWHud&n 


4%  4% 

16%  16  Vi 

»«i  7% 

4%  6% 

14%  14 

'>  "A, 

S’!  5% 

% Vm 
11.  "**» 
23%  aw 
7*4  7% 

17  14% 

17%  17% 
12%  11% 
15*4  14W 

ft  % 

13%  12% 
lu  % 
6%  4% 

3%  2Vb 
6*4  6% 

5 4IV„ 
VU  1'*i, 
27%  24% 
IW  15, 
3%  3iVu 

|%  2*3 

5%  5% 

6%  6% 
1%  1% 
6%  6% 
2%  2*4 

2 d 7'i 
5%  5% 
3%  3% 

4HS,  3% 
% d'v» 
2'A.  1'Vu 
4%  4V, 

10*6  10 
% % 
*4  % 

29  W 285, 
2S4  2W 
V,  % 
1%  1% 
12V,  12V, 
10%  10% 
SW  5V, 
21%,  2%. 
% % 
1IW  11% 
31%  21% 
31%,  JVi, 
12%  17V, 
3«ft.  2% 

Z3Wd23*4 
16V,  15*4 
8 8 
7%  7% 

9%  9 

18%  *8% 


4%  — W 
I65i  — ’., 
8%  — '■> 
6%  —54 
M -% 
■%.  ._ 
5*4  _. 

W _ 
10%  — W 
23%  *W 
7W  + % 
16%  — W 
17%  _ 

iSwTfc 

2%  -I.. 

lS*i  — % 
% _. 

ft  - 
6%  — % 
4‘Vi*  — Vi, 


15%  I IHMmStE*  J4o  68 

44'>2a%Moyam 

ift,s*.ia^A  JS  w 

II W 6WfAedeva  J2e  2.7 


ft  — s 

2 *Vb 
*W  —V, 
3%  — 
3«6.  — Vg 
% — vn 
l'V/i  — V» 

4*/,  — 4'b 

‘ft-S 

- 

i%  _ 
12%  - 
10%  _ 
S1-,  — % 
2*W  — Vu 
_ 

IIW 

21% 

3"%  -%» 
12%  *V» 
9' Vi.  -*.. 
23%  — W 
14%  **. 
8 

7*4  +% 
V%  — % 
18%  — W 


II W 6 W/Aece^a 
31%  21  *v  Madia 
6",  lkbMeOiaU 
71  Vi,  tVblMMRA 


7%  TTaMenilHlt 
17%14WMTChGp  .20  1.4 

k ftas® 

1%  %M6rP16 

2*4  V,|MerPI7  __  .. 

3%  WMerPnrH  .220  6J 
5*4  3 MerPI  Bpl  J2e  4.7 
10%  S MLUSTwt 
S%  'VbMLDMpufl 
13%  B'.fMermlc  M A 6 
17*4 135.  Mel  Pro  JS«  1^ 
76%  ISWMefrBcUi  .73  3JI 
18%  9-iMeirt*  Ml  3J 
9%  4%MichAnt 
20"ml7V.MidABe  ,40a  34 


38 

5V» 

5ft 

5ft 

— 

3 

li? 

Ift 

lft 

—■ 

10 

916 

9*6 

9ft 

+ Va 

118 

17V, 

17 

I7W 

_ 

25 

7ft 

7ft 

7*6  —ft 

42 

9ft 

Bft 

8*6  -ft 

16 

8 ft 

aft 

Bft 

11 

«»u 

R» 

_ 

45 

8*6 

BW 

8% 

17 

5 

4*6 

«ft  —ft 

994 

1'Yu 

IV? 

1> 

5Vj  3 1CN  Bkt 
12*6  8 fGI 
4Vb  zivldoniix 
11%  7*4  ImaHtv 
38%  29  ImpOHS 
301. 14%  IncOoRT 
4%  -I wines, or 
11*4  6*4lncvtr  n 
nw  9*4 inetMki 
15,  WlntDts 
14*k  9%lratran 
25%  954  IrttHlcm 


.15  12  - 34 

_ 33  145 
_ 240 

.41  U . 43 

1.80  ..  24  S«3 

-60e  3J  -.  1 

42 

_ - 138 
_ _ .58 

.*2a  Ifl  n 83 

_ ...  403 


n%  7'-j&omset>  J 

lg%  ni/GOtiCel  10J9C 


17  3 2 l'Vb  3 - 

11  4 13*4  13%  13%  _ 

_ 338  41*,  40W  40%  — % 

95  9XO  13*6  13W  13W  — % 

9 11  10%  10*4  10% 

_.  U 1%  IVj  1%-M. 
6 54  6%  5*4  6 — % 

77  2 UVu  1 1 Vi,  —Vi. 

28  1630  36W  35%  36%  —Vt 
_ 198  21%  W5  21%  -% 
_ 45  27%  27  77W  — % 

22  14  10W  law  low  —54 

10  3%  3%  3%  +54 

_ 58  3%  2Vi»  2JJu  _ 

10  8*6  8*4  .8*4  — W 

72  2085  14*4  1314  13*4  — *4 

MIS  3%  3*5  — W 

..  ^»7  12  11%  lift 

_ 316  30%  19*i  20  — *4 

..  7 15V.  1554  1514  + *4 

_ 9 9*4  9*4  ,9*6  —'6 

S3  15  10%  10%  TO*'? 

_ n is1'*  12%  *3  — % 

_ as  1%  1%  ivu  — v. 
16  2 14  14  14  - 

” 3S  3 2ft  3 I ft 

1 17  4*6  654  6%  — % 

9 17  8Vi  714  7ft  — % 

10  323  14%dl«  M'4  —ft 

23  2 3*4  3*4  3}k  _ 

...  20  lift.  1*6  % -W 

!?  3f3k3k2%-JS 

12  134  5958  28*4  99*4  -ft 

73  4 7S%  75ft  75%  ... 

16  2 16  1*  W —V, 

„ 223  10ft  IDi'i  10%  — % 

_ 3219  9"'u  9»b  9Vb— V„ 

8 94  4ft  4ft  Aft 

_ 1 32  27  72  — % 

13  a 12W  13  13  —ft 

10  4 150%  ISO  150  — r<3 

“ 134  7%  7ft  7ft  -ft 

s 10  35J  3%  .3%— I V|| 

13  7 17'.'<  17'.ii  !7Vi  _ 

17  4 MW  M>9  -V* 

»7  23  30  29*4  S9%  —ft 

‘ 6 34ft  34'k  34V.  — % 

_ 6 3S%d3¥%  35%  —ft 

77  659  48%  48%  48ft  4 % 

„ 77  'Vu  ’Vi,  J5«  ... 

_.  17  3'Vb  2%  71%.  ... 

4 Bft  Bft  fift  ... 

H 6 3%  314  3ft— Vb 

._  6t  2ft  2%  2ft  - 

31  50  8ft  8'i  ,|%  —ft 

16  A 13  13  13  — ■ 

13  55  3 2%  3%  -ft 


12  1*6  «%  8%  8%  — 

_ 39  18  17%  t8 


7ft  2 InlOfDia 
28ft  9%lnirmons  _ 

5 ftlnFnDMWt 
4%  'VuinFnv  wt 
ftft  6%lnFnYBwt 

13%  iftlldLotrv 
ft  IwlnlMOvM  _ 

7'«,  4",inlMur 
d%  2 inTPwr 
6*4  3ft IRIS 
1 W % imTosI 

Bft  3ftimThrSft 
9ft  SftlntstGC  J5e  a 

2W  W Intrsystm 
*.  Vulntrsy  Wl 
IB'dUftlntPtvB  .126  _ 

2'Vb  l*.’btnvlm 
38'  . 14ft  I vox  Cp  SJ6  J 

ISft  FWJodvn  JO  AS 

12%  6ft Jatoten 
13%  4%JanBefl 
13  SftJonHnt  JO  L* 

3%  lWuJonesPI 

61%39%;vpN0 

11%  6%KVPhB 
11%  6%KVPtiA 
275bl3%t;ecrps  ^ _ _ 

1254  fftKeiMr  Jg  1.9  35 

165*  SWKOlyOG  M UJ  .. 

7 2%  vIKenwln 

15%  lOftKerema 
6%  454KevEn8 
4ft  3%Kinorfc 
33ft  15V?  jCiroy. 

19V? 

«V4  4 KlerVu* 

10%  4'6KomEA 

6 IVuUCKBion 
2ft  I LaBorfl 

22  W 13WLoncer  ^ 

16%  MViUondour  .68  SJ 
4W2US,LhfllPc 
11*4  4 w Lori i? 

9%  5 Laser  _ 

7'%  r^uVsTTiacn  _ 

nw  a Lflurwi  - 

?'•  SftLOZKqp  - 

7 V,  4V||  LeaHlFae 

fiS  : 

505?  39  L«lAAAGN1l9fl  61 

25%  24  LcftGTd  n ~ 


=«?  ^ 

- 70 

- „.  124 
„ ...  589 


•.  16  22 

JSe  J 11  25 

75  68 

_ ^ 10 
.126  _ 14  116 
- - 15 

■06  J IS  7853 


^ 15  71 

SJ  16  77 

_ _ 40 

_ 6 70 

_ 10  30 

_ 39  165 

„ 9 13 


19*4  14%  LetlM'Jn  1.4(1  «J 
a TOWtxnOAO-aJi  6*  - 
Sft  4%LeHK«*urt  _ _ 

13  IViLbJY  95w*  

awa'VuLgjY  96wi  . , 

22%  16%LjTVern  .28  1J  13 


«A  MU&i 

14*6  9 Lume* 
ISVI  TWLuria  _ 
30  73  LvnehC 


_ _ 20 

249 

. MS 

_J1J  f 

^ 44  26 

..  16  32 

_ 9 172 

- 10  5 


4*4  4*6 

ID  9% 

3%  2% 

8%  8% 
33H  a*6 
18  IS 

2*ii  2%, 

7W  6"k 
9V4  9% 

% "/u 

12V.  12 
13'.  12% 

TVb  2%, 
2*4  2W 
15*6  15% 
3*4  2% 

14*4  14 

V„  Y,, 
1%  1ft 
45-?  6% 


5 4*4 

W.i  9ft 
S’ 6 5ft 
% Vi, 
4'-4  4% 

s a 

iw  i% 
% % 
16  15ft 
IVu  1**|. 
19%  18ft 
10%  10W 
9%  9% 

5*1  5% 

9ft  9% 
1«%  ilVk 
48  ft  47% 
7 4ft 
7%  6% 

21%  SO  % 
10%  >0% 
5W  5% 

2'*;»  r".-u 

14  14 

5%  S% 

A\ 4 3?. 

16%  16*6 

is1.,  ir« 

8ft  8% 
8ft  Bit 
1ft  1% 
l«ft  lift 
16ft  14*6 
16  Vi  14% 
2H',,  2i*u 

5%  4W 
5",  S% 
3i  *ft  3ft 
10%  10% 
»%  9W 
4ft  *ft 
rv„  U'u 
3ft  J 3% 
48  48 

24%  34*8 
17ft  17 
34' • 15% 
4%  d 4ft 
2ft  2';^ 
J*,  3'., 

18ft  18% 

is  jfe 

12*6  13% 
7*6  d/W 
29*j  391? 


4*6  — W 
9%  — W 
3 — W 

SV?  ... 
33%  ♦*« 
18 
2Vb 

1 7W  +’■'= 
9%  — *a 
>I/H  — ‘{n 
12'/,  — % 
13  — W 

2Y„  . 

2*6  ... 
15V,  — % 

21«  — *b 

lew  — w 

v„ 

iw  +%. 
6%  - 
7%  -ft 

VN  — Vb 


4 V,  -W 
8 —ft 
IV*  — 

% * '.W 
15%  — % 

18*6  —ft 
10% 

9ft  _ 
5ft  — W 
9ft  —ft 
1h„  - 

4714  —V, 
ift  —v, 

6ft  — 

21% 

10% 

SW  —'6 
2’*i  — W 
14 

Sft  . 

4>.i 

16%  - W 
15V»  -Vk 
8%  —% 
8%  —ft 

1*6  - ’lb 

lVu  —Vi 
16*.  — % 
16%  —V' 


4!k  2ftM>dDiv 


li  W-iMMea 
3 IVbMoronF 
Bft  3 W MSHK  <M19b 
3%  lYiiJIAJYpwt  _ 

7 3 *’■  MS  J96wt 

64  40WlvSTMXnl7B  6J 
77  ft  IBftMS  IGT  n 1 J3  6.4 
7%  4V,mmvM 
3%  1 MOvirSir 
11%  BWMuruln  SI  4J 
11%  7V,Munvsf  xfl  8J 
lSftllWMttnvMZ  J9  7 A 
15  lOWMunAZan  Jl  7J 
l9W15%Mv*Hni  14  1J) 
11  4*hNTNCom 
11%  SWNVR 
5*6  IWNVPvit 
70  5ft  Nabors  _ 


13%  5%  Nat  All 

10W  BWNMvAr 

23*«  14ft  NY  Bcp  JO  b 4.1 

29%  21  *4  NY  Tim  J4  3/> 

11%  I'/iNtfS, 

9 3'/i  NAAdv  n 
6*6  IWNARecv  _ 

15%  TViNAVoc: 

12'.  7*6NCdOo  .20  _. 

19%  1 1%  Norttibay  Jlbll 

63  49ft  NIPS  rt  4J5  8.4 
S*»  2*iNthnTch  Jte  1.2 

14ft  10%  NCAP1  .760  7.2 

15*6  9WNCAPO  J9a  4.9 

ISWIOWNFLPI  JS  4.9 

15'  «ll  WNG-API  74  6.5 

I4WIQV«NMC'PI7  48  6.6 

14'ilO’.NvMJP2  .74  6.7 

14%11'iNMOPl  .70  5.9 

14ft  11  NNJPO  .73  6.6 

l3W  10*,  NN*  Ml  .77  6 3 

I4WJ0WNNYPI  J4  6 3 

15W  HWNvOHPI  .78  6.6 

11%  10WNCHPI?  .68  6.6 

76*u  10%  NPAPI3  7*  4.9 

|4*»  1 1 % NvTXP!  J30  7 ? 

15%10’kNVAPlS  At  bO 

UftlOftNiwWA  .76  7.1 


17D  11%  11 
8 a%  73 
515  9ft  9'a 
93  llftdll 
41  30',  3Va 
1b  Bft  8ft 
542  11%  lift 
917  10'.,  9% 

»7  29%  ?«*!■ 

77  2*o  I'? 

I lVb 

26  1 *u  I-. 

132  3 V*  3"  ., 

100  6 % 6% 

4 3 7t,i. 

8 14*.  1JW 
33  S',  5*4 

14  1%  IVb 


39  3.'b  3'., 

B4ft  4'*'u 
u lO’.b  10*, 
«J4  v,  ", 
19  6ft  8ft 
55  17%  t7% 
IS  74%  MW 
7 16  I5W 
67  5ft  SV: 
73  18  17*, 

24  9 Bft 

8 4' , 4% 

6 6%  6*1 
32  11%  li'., 
IS  ® 9 

76  7ft  >*> 
B\  16ft  14% 
162  1*4  1ft 

220  4%  4', 

74  1 

S 4%  4’  4 

124  6D%aS9*k 
53  79',  J8W 
4 JV,  «ft 

IS  1ft  IW. 

43  9%  9 

1707  6*i  8 

12  17  12 

34  11%  11% 
775  17  !6>* 

1076  7’.-  7 

692  5W  d 5% 

45  IW  1 '6 

1159  «ft  6% 

S 6%  6'-: 

479  J,-„  d?'  b 
8 »ft  29 
56  6 5% 

6 9 Bft 

31  19%  l«*i 
1433  711,0  71% 
16  9%  9ft 

TIS  3‘  , d 3 

IS  7%  7% 

721  12ft  lift 
3?  9ft  9', 

7Su1?%  10% 
ZlO  SOft  SOW 
40  S 4>-, 

31  10ft  10% 
»»  10  1C 
13  10W  10% 
15  lift  lift 
255  ICftdlO 
X lift  II 
9 12  lift 

14  lift  11 
43  10W  10% 
16  11  10ft 
10  II*,  11*. 
57  lOftdIOft 

i;  lift  n 
33  11%  lift 
10  IIW  lift 
38  li  laft 


lift  .. 
23  —ft 
9%  — ’ o 
lift  — 1 ft 
30ft  -ft 
BW  —ft 
m.  —'. 
10 

28ft  — 1 
— *• 
lvu 

1%  -ft 
3ft  - ‘ft 
6ft  — ft 
2«%  -•-» 
14ft  —ft 
5*. 

IW  ♦*•» 


y . — w 

4"’ii  , 

10ft  -ft 

8W  — ft 
17*.,  — *k 
14%  — % 

16  —ft 
5W  - 
179, 

8ft  — V, 


60  — > 
19ft  »% 
4*6  -ft 
1*1  .. 

, - *6 
n —ft 
12  —ft 
n%  < ft 
16%  — 

7’. i -% 
SW  _ 
I ft  — Vu 

6' a —*• 
61  a - % 

2ft  — V6 
29%  t* 
Ml  — W 
Bft  — ’•« 
I9W  —ft 
21*.  -ft 
—ft 
3ft  —ft 
7"?  • + 
17ft  —ft 


lift  —ft 

10%  — w 
lift 

I ITi  - 

II  —ft 

IDW 

10’.  —’6 
lift  — 'k 
10W  —ft 
11 

11%  , ' • 
IIW  - ' ■ 


l?  Memo 

High  Low  Stoct. 

Bft  3'iProtHfl 
2QW  UftProrLm 
^ 1‘i.PrpdLB 
W ftPrcOL  wt 
3t',2l  PrndLPf  ! 
■ 'u  I'ftPresdA 
2%  IftPresdB 
5ft  2ftPreCom 
3%  I'kPrismEnt 
7ft  S'  iProoCT 
3ft  2ft  Pi  vena 
20%  14ftPrv£ng 
74ft20ftPtj5t6 
17-.UftPtJSI7 
20%l5-iPbSI9 
18ft  16  PttSl  ID 
IBftl5%PtiS1  II 
ISftM'.PbSl  17 
18W  15’.',PbS114 
17',13WPOSt>5 
I6*6l2WPUSfl£ 
16'.12%PbSll7 
16%  12  PbStlE  l 
12%  9 POS119 

is  ii'.Pijsaa 

I 5%  KTWPuInCA 
14%  1IWPI&M 
15  IO’.'j  PKJMT3  h 
15%  12  PU1NY 
15V.  ?'  iQualPd 
7',4MTbPBW 
14ft  SftPodFflS 
10!;,  8w«aucns 
2ft  lftPodCr 
6’i  7%  Red  East 

29  nWPeOLn  : 

14W  to  ReOEmp 
IIW  5*4 R« lac 
15%  lOWReoatBS 
S'.,  JWReliv 
4V?  2 RcpGId  g 
14  9*»Rsnln  1 

2%  ftRsnnt 
4 7%PC8PcJ 
3%  r%R5*>Tcn 
7%  4WPevMn 
9*,  6",  Riser 
i’,,  3'  .Roaorm' 
34'-«  74%  Rogers 
lft»  ’.Polcruc 

5'.:  3’kRavaiOg 

3 'iRynux 


Bft  3' » SBAA  Ind  - 41 

7 4’  , SC  BCD  ...  - 

41 W 5W5FM  » 

42%34%SJW  2.10  4.0  10 

4'/>,  1**501  Ind  - 23 

?£'.  IJ'.SPi  Ph  -24b  1.1  20 
21%  II  SogaCam  51 

7 IWSagaCnfl  - _ 

IBV.  5 SonGams  _ - 

1%  ftSahaGpt  .07112.4  -. 
v’’,,  ftSairri  vn  _ _ 

14'.  12  Salem  s JO  2.9  16 
S2W41  SttIA.VlGNi8.TB  6-3  _ 
39ft  23’  • SatDEC  2J3  7.9  - 

84  94'  * ScHHVYP  n 4 01  4.9  ... 

91  76*, SalMSFT  03-99  44  „ 

38ft2SWSatORCL  - 4J  ... 
49ft 34  SalPRI  n M U _ 
29wt7%5i3l5NPLnZ12  1Z0  ... 
4 3WSatPna>  ... 

13*n  6'- j Samson  1.00a  8J  10 
W-,  llftSOoaofA  1.00  7.9  _ 

14%  10  SDgontC  .88  88  ... 
26'.-2l%SDBOI>tH  1.82  80  ... 

9ft  JftSandv  .16  2J  11 

»2’.6  7ft  Sceptre  ...  18 

6*6  3' : Serine  _ ._ 

17’il2ftScnutt  lb  17  9 
15*.  10  Selas  JO  1J  11 

3 SemPck  ,.  81 


19  18*6  If* 

?»  2.  7 . 

ft  ft  % • 
29ft  28%  28% 
IW  I'.,  I’.- 
IW  1'k  1% 
4ft  4ft  4*6 
lftdi"'b  1'Vi, . 
bV.  4%  bW 
2ft  7ft  2ft 
17  16ft  16% 
23ft  23ft  23ft 
14ft  14%  6ft 
17  Ibft  6ft 
!7*s  17%  7ft 
17ft  lift  6% 
14W  W.i  £ft 
16W  16%  16W 
16ft  14ft  ■£*• 
>4  13ft  13ft 
15ft  15V,  15'/, 
15*i  Uft  14*. 

lift  10ft  10% 
13%  13ft  13ft 
13  W 13W  13ft 
lift  lift  lift 
10%  tow  10% 
13%  12ft  12ft 
Ift  29u  TVi, 
«,  Sft  5ft 
9ft  9*6  9ft 
9%  9*i  9% 

1*1  1ft  Ift  - 
6*6  6%  iV,  ■ 

24ft  24  24 

9ft  0 VVi  »V?  . 

7 7 7. 

14ft  14ft  14ft  . 
JV,  3 3W 
3*i,  3Vm  3"u 
IDW  9%  10  - 

'v„  ft  iv„ 
3%  3%  3ft 

2ft  7ft  2V» 
b'.s  6ft  6ft 
6ft  6ft  4ft  ■ 
3"<u  3ft  3";«  - 
34W  33'-:  33’  ; - 
Ift  IVi,  IV..  - 
4ft  4ft  4Vi, 
’6  ’kb  % 


13  7*.  7*i  7** 

42  4ft  4ft  4ft  — w 

45  32V,  31  w Jlft— lft 
3 JS'*  35%  35W  —ft 

111  2>,  2%  2'.  — ft, 

1355  25ft  23ft  24  — IW 


3496  27  UThrlnH 
IIW  7 ThrmPw 
10%  7*»ThimP 
15’.  12ft  Ther  Hen 
10* , 7'.,Tnmobe  n 
16*.  12  TjirmUs 
1*6  .VbThrmwa 
48'.,  101,  TnreeP  s 
7 2'  iTWperv 

1*6  'V„Totut« 

99,  7'.  Tolland 
9 2’,  Tapir  ce 
lft,  ’’« lortel 
18ft  9 TotIPel 
&ia  I WTownClv 
4’,  'kblWAvra 
5 '/*  TWA  pf 

10V,  7l?TrnsL» 

2*6  liTranicU 
14%  lov,  TmznB 
7 V,  2*/iTri-uien 
2>.k  •wTrlLilewl 
4V,  V'bTrlaCn 
10%  5 Trifle* 

3*.  7 Trmtfcch 
10*»  9V,TrpAC95 
2ft  1 W Trilon 
6>,  4*i,TubMeK 
29%  16ft  TurnBA 
29ft  16ft  TumB  B 
10V»  M'.TumrC 


- 59  132 

-.  39  114 
_ 36  13 

.150  1.0  _.  7 


...  531  85  15W 

..  ..  80  1*., 

_.  42  8*0  47 
- 34  64  Jft 

.64  51 J 31  7S  1% 

...  22  10  8*, 

_ 70  2197  7'i 


HyT  LottLortif  Ch'ge 

31  30*  • 30%  — 

9ft  9'.,  4% 

8 8 8 
lift  15%1S%— % 
0’«  9W  9%  — % 
1SW  IS* : IS’i  — % 

471'*  AT"  ■ % 

ft  ft  V\-‘: 
8*,  8%  8% 

7'i  4>,  7 


JOe  IJ  IS  307 

M9 

...  1681 
- 78 

.14  1.8  10  II 

_ 66 

34  ZS  11  2 

...  9 49B 

_ - 34 

-.  20 

...  17  7 

, ...  -.  30 

,47e  4.9  ...  24 

“ I!  1214 

.07  .4  380  211 

.07  J 159  998 


8*,  8% 

7'i  4% 

IW  I 
13ft  13', 

Mb  d 1 W 
2%  3% 

IW  1% 

7%  7% 

lv„  I", 
13*.  13 W 
3’?  5 ft 


I",  I*,, 

nw  nw 

3ft  3'6 


a? 

23*6  24  —1 W 

141. 

14% 

74%  — W 

116 

rw 

1%  — 1. 

5*. 

s% 

5*6  -ft 

> 

ft. 

ft,  _ 

W 

ft 

ft  - 

5 — W 

5W  _ 
J1*'!,  — ft 
10%  - w 
9%  — 'i 
4%  —Vi 
'Vu  —''I, 
3‘Vi,.  -V« 
48  —’•'1 

24'.-;  -% 
17%  -ft 
36 

4ft  — ', 
2*6  - W 
Vi  - 

18ft 

1J1.,  — % 
7%  — W 
79% 


3%  3'-,  3%  ■ 


14%  TViOQKiep 
lift  BWOSuilvnC  78 
36  21  OhArt  -24c 

38*»25WOtaen  .24 

ilw  9v,oneL.bi  JUt 

4%  ftiOmtieE  n 
lift  iftOrunwi 
30W2H,OnonlBT  JOa 
12%  6 OrWHe  .70 
7ft  3'.-,PlC5v4 
3V.  2 plM  J)ee 

17ft  12%  PMC  .94 
64*i  49*?  pcEfl  PtA  4J4 
23W1B  PG&HA  1J0 
51ftl6’',PGEplS  1J7 
17%14ftPGEptE  US 
19W  M PGEptG  1 20 
IB'kUWPGEPfH  1.12 
28W23  PGBMM  1.J4 
28W73W  PGEulO  ZOO 
2BW  24  PGEpfP  J JS 
20'<  21 W PGEptp  1.86 
7i’>71  PGEbfU  1.76 
2b%  19*>PGEplY  1.72 
4W  2'-'„Pt>£aie 
l8ftlSWPacGlin  J7s 

78'?  41  PadfPf  S.00 
6%  2ft  Paw  Am 
lift  4 Pw  UK  wt 
6'  i 2 PWWK  Cbjl 
Sft  3'kPWHK  3Dwrt 
5%  IftPWHK  30p«rt 
3%  IftPWUSJwl 
6ft  S'',PWD»nwt 
14*.«  10W  PWPI  JS 

r’k  J1*'.,  PamHU 
40ft  34ft  ParfcN  s .02 

14%  nv,Pfl?ptd  i on 

IS*i  IZ  PorPD  1.04 

17’614'iParPn  1J8 

Sft  2'.,PnvFon 
24V,13WP«jGtd  JOe 

44ft  34  PereiTr 
26  22  PenRE  1.88 

13*1  9WPeriniC 
MW  21  PemC  pf  2.12 
4W  SWPciert 
85'.,  ■»  PniLD  J4e 

aft  " uPrin^La^ 

Bft  SftPhANel 
39ft  22W  PhruRS  JO 

S IftPKoPd 
3',  Pinorfill 
8'i  AftPIIWVa  J4 

34'/i24ftP'IDMn  .90 

40%  25  PJHwpr  .40 

38ft  24%  Pihiwv  A JO 

0*V  5*kPlnP-*£ 

2S*6  14‘V  PIvQijm  12 

41  20WPalarind  2.S2 
iw  3*u  pw  van 
12%  6 PariSvi 


28  IS  51 

1.0156  2 

7 „ S89 

7.S  14  I 


1.9  ..  88 

17  141 

H - *'22 

8J  ...  78 


8.1  _ z3M 
_ „ 5* 


.02  2 3 15  S 

1.00  7.9  IS  24 
.04  7.4  I?  33 

Jfi  BJ  17  S3 
...  32  2? 

JOe  J1W  1772 
...  39  I 
1.86  13  t 9 

..  ...  112 

>■12  92  ...  16 

24  5 

J4e  .4  17  1467 


7j  13  5 

3.0  12  1 

11  13  5 

1.4  13  223 
...  _ 93 

5 24  428 
6J  16  1055 

46  114 

— ..  245 


12%  12W  12' ■ 

Id  9%  0*6 

35  25  25 

38'-,  36%  36*.- 

11  II  It 

1 i*t,  'Vu  • 
11%  1T%  12% 
21’,  21ft  Dili 

7',  7%  7W  . 

S’?  SW  5W 

3'T..  3 I'W 

14',  14W  14T6 
SOW  sow  sow- 
18’.,  la  is 

ItftdlBW  16", 
14%  14W  14*» 
i4",diaft  14% . 
13W  I3W  13W 
23 lid 32%  23% 
24V;  24lr  24ft 
25  24%  24  W 

32%  23’ 1 22',  . 

27ft  21  21% 

20%  191,10%. 
4 3'V»  4 

16'?  law  16". 
6lW  61ft  bIW 
4%  4k„  4ft 

S'-i  Jft  4ft  ■ 
JS,  3 3 

4'/|s  4 4’-b 

2 2 2 

1%  1",  1ft 

4%  M'«  S’, 

1 1 a iuj,  10', 

7’i  6W  6ft 

39*.  39%  39% 
12’ k 12H  lift 
14%  13%  14  V, 
15'i  IS'-’.  15W 
4'.,  d 4'., 

14%  15%  IS%  ■ 

Jlft  41  ?k  41ft 
23%  23  23 

9' : 9%  9'k  - 

73%  I2'«  23  - 

?W  2W  2ft 

Ss'  j 55%  Sb’-« 


»'*  3 Vi.  3*„ 
3%  3ft  3% 
7%  7*»  7W 

30  30  30 

37  ft  37v?  37ft  . 
36  3SW  35% 
6%  tr?  6ft 
73  22'  . W%  . 

39%  39%  3V% 
5%  5‘r  5% 

4ft  6%  4ft 


IS*.  10  Setas  JO  IJ  It 
I 6%  3 SemPck  81 

lft  'VijSemPKwf  _ _. 

3%  JWSemien  - 17 

8>,  S%5erenc«t  _ - 

*V?  4 Servico  — IB 

S*,  3%5ervotr  ._  B 

9%  3*k£helWMd  _ 250 

lb’.  SWShltOns  J6  .5  9 

a%  SwstrAtdGp  „.  5 

4W  J'-nSitCO  .. 

8',J"i.SsnlTe01  S 

7%  5 SHvFds  n _ 

*0'  j A' a Simula  _ 3B 

12".  3'  .%tMnS*/0  „ 138 

40  23*5  5milhAO  41  17  Id 
IIW  9*.EmtBln  ,40a  4J 
15%  OftSrnrBmM.  .850  6.4  ... 
9 4 Soffnel  _.  — 

14’illWSCEaptB  1.02  BJ  _ 
18  12%5CEamC  1.05  8J  - 
17%  !2W5C£dpfD  1.08  8J  - 
M%  15%  SCEd  DfG  I J5  a_7 
iMJ.eowscEdptK  r.sa  8.4  ^ 
27  2l'':SCEdpfP  184  8J  - 
23%19'iSeUCo'i  .711  S.1  21 

r*,  dWSvwiLite  _ .. 

19'.  lift  WiLftpt  1.75  10.1  ._ 

a’-,  3ft5parich  ..  7 

nw  iftSoccfVis  -.  _ 

4%  j aoeaV  rt  _ 

Sft  7<hSbl5upivt  — ... 

S%  3>,Staw*  .12  24  ... 

48?(b>3"ia&POR  1.18e  1*  - 

10' i SftBtvnH  35  i5  IS 
91%  IJ  Stephan  17 

13%  9%SlerlHttn  _ -. 

ri  5 SIvGpA  ..  84 

M-,  di.SittfPr  JIBo  6.0  9 
11  w 1 Strainer  ..  91 

17ft  r.  Style  Yld  _ 12 

11%2'Vi.SulCUSi  .. 

12%  8%SumlTx  JJ  9J 

3 -a  1 ".  b Sunair  ...  35 

44,  l'VSoflNur  ... 

li*.  9*6Sundwn  _.  17 

13  4V.%un*hJr  ...  $1 

1&»*  Il%5uerSra  JS  Z1  16 

4'b  J'.iSuprmlnd  _.  9 

6 3WSEH«.PWt 

10%  4”, TIE  IS 

6 J TSF  4 

27".  lftTSXCb  ..20? 

11%  7%TabPrd  JO  2.4  IJ 

1S'.%  12  Ta&lv  ^2  4J  19 

17%  BWTDCOpS  JO  4.7  23 

14%  B'iTechtriS  J8  10  IS 

12%  0'  iTelasRw  _ 30 

17%  13  ToiflR  .10  J 78 

57  JSWTeiDIa  J6  J *4 

18  l7«TcmaGU  .60a  4J 

l'Vi,  'ft  Tonorn  ._  _ 

7V.  I ft  Tv.BI  L>n  

lb',  JHiTokMor  — 

19  IlJ'jThermds  . S4 

23%  14  ThmCrdk  -«» 


10  14W  14  14.  — *A 

31  50S?  50  SOW 
172  32  31 ’A  31%  — 'u 

7 B1W  81  81ft  -ft 
4 01  *6  91ft  91%  —*6 

12  35*,  35ft  35%  —ft 
6 36%  36W  36*,  • V, 

1349  17%dl6  It,- 1*, 
421  4V„  4W  4',—’% 

23  11*6  II*,  lift 

1 12ft  12ft  I2W  —ft 

13  10  10  10  — W 

16  73’i  22ft  ?2ft  —ft 

38  • 6*-»  6W  —ft 

13  8' ■ Bft  Sft  - 

£2  flft  4ft  4ft  — W 

21  14.  13W  13ft  —ft 

4 lift  lift  lift 

198  5 4».  4%  —ft 

167  lft  1%  Ift  —ft 

17  ift  S*.%  7*.  .. 

30  5%  5W  SSI  _ 

177  9%  8%  9 _ 

10  ift  4*6  ift  — % 

380  5%  4**u  S 

20  12.  lift  lift  — W 

30  ift  6ft  iv,  _ 

1 3%  3%  3%  - W 

120  3ft  daw  3%  — ', 

70  Sft  5W  5W  .. 

618  18ft  lT'.i  18 ft  —V? 
4S  6W  4 4W  *W 

IS8  74V,d23ft  Z3»,  —ft 
194  9W  9V,  9ft  _ 

42  13%dl3ft  13ft  —ft 

21  61'.  6 »%  — W 

2 IJ'i  12  12  —ft 

5 12  ft  12ft  12ft  ~ 

22  IS’-'?  124,  lift  —ft 

3 16%  d 16ft  14V.  —V, 

3 90%  90 Vs  90*1  -ft 

4 21*6  21%  21%  — ", 
It  17ft  17ft  17ft  -Si 

1189  Sft  4%  5%  — W 

1?  17’.,  lift  17%  ’ V. 
188  S't  5%  Sft  - 

7206  lft  1%  1%  . 

27  J d IV,  1%  — V. 

74  2'Vi,  2'Vu  2'Vi,  +«b 
87  5 4%  5 i % 

4619  OSUu  45  4SW(b  . "w 

36  14ft  14%  14ft  — K 

M lOfi  10W  10%  —Vi 
63  f,  Sft  5*k  — 

67  ilk  4"%  4>Vu  — V, 

570  lft  1%  M%  +'.■, 

304  10W  9%  10'.,  * v, 

198  3 % 3v„  3Vi(  _ 

41  Sft  8ft  Bft 

i iB  lft  a 1%  ift  — % 

47  7'1'b  1%  UVu  t Vu 

37  17V.  17  17  —ft 

10  lift  11%  lift  — % 

30  15%  14V,  15W  -Vi 

37  Sft  S»,  SVi  — W 

95  4 % 4%  4%  r Vi 

14  7ft  7ft  7 Vi  ?*6 

14  4 6 

257  77ft  7*  76ft  * W 

31  BW  8*6  IW  ... 

17  12*6  I2W  12ft  — ft 
a 17  16*6  17  —ft 

39  13ft  12*6  13*6  —ft 

343  916  d9%  9W  — W 

77  14  13%  U +'A 

U3  45%  44ft  45%  —ft 
5b  14  13ft  14 
20  1 '6  1%  Ift  _ 

73  ?’.«  IW  2*'b  - Vu 

117  14%  14%  14ft  — ", 
395  If  74ft  IS 
844  M I9"i  W 


.10  11 

1.72el7.6 


3%  3%  3% 

7%  7*,  7% 

iw  2' t r;-? 

9%  7':  9% 

1»V„  I'"„  ■ 

S',  5'  , S'  , 

19%  19  19  ■ 

19' j 18',  19% 


5*.  S’  a 5% 
18%  !B%  !$% 
4%  4’6  4% 

7*i,  2%  ?:>, 

4‘,  4W  J“. 
9?,  0i,  91, 

S'i  5ft  j% 

10’ 6 10’.  10% 


lb  17%  17 
5 12%  12% 
200  10%  10% 
41  IQ*,  10% 
80  11%  IP. 
57  M 10% 


•JYo  6.0 
1.49  c 27.0 
40c  *6 


7*6 
4*6 
46ft: 
tow: 

2*6  1 V.,  Vnc  vrt  ..  , 

3W  WVlOC  wlC 
5%  ?•  i YlOC  unE 
13ft  J viral ev  .491  4 I 
9%  6*,Vlrco  J4b  S 
Mb  "i.Vilrowc 
ISft  IIWVOVAZ  770  6.B 
15*6  llftvoyCO  JS  6.1  , 

14**  lOWVovFla  .77  7.2  , 

17  I7WVOVMN  93  a 7.4 
IS*,  10'  .VoyMNT  .83  a 7 S 
15*.  10WVDVMN3  .72  7.2 

?4W19%vmcCp  JO  4J  1 

|.  w-x- 

22%  17  WRIT  .92  S3  J 

6%  sftWsnsvQs  os  za 
I4*i  a WttUrd  ...  ; 

5%  2%  WCtGrd  ..  , 

1 % wenmBr 

T5W  I7WWIRET  1.1?  9.1  1 

2 Vi  'iWicnPO  . . , 

21ft  UTiiWIlshTc 
20  3’.,Yi1relevsT  JO  2.3  : 
0*5  6 WoHHS  Jfl  4.1 

32  JO’.-WOrihn  J0  Z1  1 

iw.,  VbXO-Lfd  ,.  . 

10  3*n  Xyl ran  _ , 

10  15'iZloalef  .5?o  li  1 


17%  17%  17’ 
4%  4 4 

nw  ir.  !?• 

3%  3%  3' 


13%  12"  ■ 13'.- 
4%  6ft  6% 
28%  27%  ?8% 
1%  I I'  , 
4'.-u  3U  '•  J"., 

lb's  ItW  16% 


Sales  figure*  are  unomdnl  Yearly  highs  and  lows  relied 
me  preufatusSSweefn  plug  the  current  week,  but  not  the  latest 
trading  day,  where  a split  or  slack  dividend  amounting  to  25 
percent  or  more  nos  been  paid,  trie  year's  nigtMaw  range  and, 
dividend  ore  shown  for  the  new  slack  only,  unless  otherwise 
noted,  rales  of  dividends  are  annual  dlstjursemords  based  on 
me  latest  dedoratton, 

0 —  dividend  atso  eattraui , 

b— annual  rare  ol  dividend  plus  slack  dividend. 

C—llqv  1 doling  dividend. 

CM— called, 
d— flew  yearly  low. 

• — dlvHtond  declared  or  said  In  preceding  12  months. 

0 — iSvIttend  In  Canadian  (urvta,  tubltcl  la  15ft  nan- residence 

wt 

1—  dividend  declared  after  spli!-w  or  stack  dividend. 

I —dividend  paid  mis  year,  omitted  deferred,  or  no  octwn 

taken  a*  latest  dividend  meeting. 

k— dividend  declared  or  paid  this  year,  an  accumulative 

issue  with  dividends.  In  arrears. 

n — new  Issue  In  ttw  past  52  neeU.  The  bhjh-law  range  begins 

with  f he  start  ol  trading,  ™ 

nd  — naxi  dav  delivery. 

P/E  — Prioreamlngs  rptlo. 

r— dividend  declared  or  paid  In  preceding  12  months,  plus 
stock  dividend. 

j — stock  Split.  Dividend  begins  with  dote  of  spin. 
sB  — sales. 

1 —dividend  paid  In  stock  In  preceding  12  months,  estimated 
cosh  value  on  ex-dividend  or  mc-disf  rlbuiion  oair . 

u— new  yearly  Mon. 
v — Irodlnv  halted. 

vl — In  bankruptcy  or  rpaMvershlo  ar  being  reorgantied  on. 
dwMl*  Bankruptcy  Ad.  or  securities. assumed  by  such  com- 

wd — when  distributed, 
wi— when  Issued, 
ww—  with  warrants, 
x —ex-dlvldend  or  ex-rtghts. 
xflts — e*<nsh-10utlon, 

*w—  without  war  runts, 
y -ex-dividend  and  sale*  In  full, 
vkf— yield, 
l— sales  in  ML 


Page  16 


EC  Extends  Ruling 
On  Car  Dealerships 


SuSMtSJ  S&ni 

BRUSSELS  — The  Europe- 
an Commission  decided 
Wednesday  io  extend  automak- 
ers" control  of  aulo  dealers  for 
10  years,  but  it  is  limiting  that 
control  to  try  to  spur  competi- 
tion ;n  the  European  Union's 
biggest  industry. 

Since  1985,  the  commission's 
agreement  with  automakers  has 
permitted  them  to  dictate  where 
the  dealers  may  be  and  how 
many  cars  they  may  sell.  The 
agreement  allows  automakers 
to  stop  their  dealers  from  sell- 
ing competing  brands. 

Consumer  groups  com- 
plained that  the  agreement 
caused  a distortion  in  the  12- 
nation  EU  by  limiting  competi- 
tion among  dealers  and  allow- 
ing carmakers  to  charge 
different  prices  in  various  EU 
markets.  EU  prices  van’  more 
than  20  percent  for  a quarter  of 
European  brands,  the  commis- 
sion said. 

The  new  conditions,  which 
will  be  in  efFect  for  10  years 
after  the  existing  accord  expires 
in  June  1995,  will  “redress  the 
balance"  between  automakers, 
dealers  and  consumers,  said  EU 
Competition  Commissioner 
Karel  Van  Mierl  said. 


The  main  changes  in  the 
agreement  include  permission 
for  car  dealers  to  buy  spare 
pans  wherever  they  please,  pro- 
vided the  parts  are  of  equal 


quality  to  those  supplied  by  the 
carmaker.  Previously  carmak- 
ers could  force  their  dealers  to 
use  their  parts.  Dealers  earn  up 
to  60  percent  of  their  income 
from  spare  parts. 

The  new  rules  also  allow 
dealers  to  advertise  wherever 
they  choose,  while  carmakers 
may  presently  prevent  dealers 
from  advertising  outside  their 
territory.  Car  dealers  still  will 
not  be  allowed  to  use  direct 
mail  to  lure  customers  from 
outside  their  territory. 

A Brussels- based  consumer 
lobbying  group,  the  Bureau 
Europeen  des  Unions  des  Con- 
sommateurs,  said  the  commis- 
sion’s actions  did  not  go  far 
enough. 

'The  commission  could  have 
gone  a lot  further,"  said  Valerie 
Thompson,  a spokeswoman  for 
the  group.  “It’s  veiy  disap- 
pointing for  consumers.” 

She  said  consumers  still 
would  not  be  able  to  compare 
different  brands  under  the  same 
roof,  a key  condition  for  com- 
paring quality  and  prices  of 
cars. 

Although  the  new  rules  allow 
dealers  to  sell  competing 
brands,  this  may  only  be  done 
in  separate  premises  operated 
by  different  managers.  Car- 
maker s may  also  scrap  agree- 
ments with  their  dealers  if  Lhey 


decide  to  sell  competing  brands 
under  the  new  rules. 


INTERNATIONAL  HERALD  TRIBUNE.  THURSDAY,  OCTOBER  6,  1994 


Browning  on  KKR  Trail 

Bid  for  Attwoods  Echoes  Borden  Offer 


By  Floyd  Norris 

New  York  Times  Service 

Efforts  by  Browning-Ferns  Industries  Inc. 
to  take  over  Attwoods  PLC,  a British  environ- 
mental company,  may  be  an  example  of  a new 
acquisition  strategy:  Find  an  underperform- 
ing company  and  offer  the  shareholders  a low 


would  never  regain  its  former  profitability 
and  added  that  the  stock  price  was  unreason- 


ably high  because  of  takeover  speculation. 
But  because  the  Attwoods  garbage-haulir 


INTERNATIONAL  STOCKS 


price,  warning  them  that  the  choice  is  be- 
tween the  bid  and  continued  bad  manage- 
ment by  the  incumbents. 

In  bidding  low  for  a company  whose  share- 
holders have  good  reason  to  be  disgruntled, 
Browning-Ferns  is  following  a path  blazed 
recently  by  Kohlberg,  Kravis,  Roberts  & Co. 
in  its  continuing  attempt  to  buy  Borden  Lnc. 

But  KKR  managed  to  get  the  Borden 
board’s  support,  while  it  appears  certain  that  a 
majority  of  directors  of  Attwoods  will  oppose 
Browning-Ferns,  the  second  largest  waste 
management  company  in  the  United  States. 

The  Browning-Ferns  effort  has  become 
one  of  Lhe  more  hostile  battles  in  recent  years. 
British  takeover  laws  require  bidders  to  notify 


But  because  the  Attwoods  garbage-hauling 
business  would  fit  in  with  Browning-Ferns 
and  its  waste  dumps  and  recycling  centers, 
Browning-Ferns  was  willing  to  buy  the  com- 
pany anyway. 

But  not  at  much  of  a price.  The  bid  offered 
no  premium  to  the  market  price,  which  was  34 
percent  below  what  the  shares  had  fetched  six 
months  earlier,  before  it  became  clear  just 
how  bad  a year  Attwoods  was  having.  Final 
results  for  the  year  that  ended  July  3 i are  not 
out  yet,  but  everyone  agrees  the  figures  will 


not  be  pretty. 

The  largest  shareholder  of  Attwoods,  Laid- 
law  Inc.  of  Canada,  already  has  agreed  to  sell 


its  30  percent  stake  to  Browning-Ferns. 

Although  the  bid  was  announced  Sept.  20. 
Attwoods  has  until  Oct.  17  to  respond  to  it. 
The  offer  is  for  109  pence  a share,  or  about 
S8.60  for  each  Amencan  depository  receipt, 
which  represents  five  shares.  Shareholders 
might  get  a small  additional  payment  later,  if 


target  companies  before  they  begin  their  of- 
fers. and  william  d.  Ruckelshaus,  the  chair- 


a subsidiary  is  sold  for  a high  price. 
In  New"  York  Stock  Exchange 


fers,  and  william  D.  Ruckelshaus.  the  chair- 
man and  chief  executive  of  Browning  Ferris, 
complied. 

At  2:30  A.M.  on  Sept.  20,  he  woke  up  Ken 
Foreman,  the  chief  executive  of  Attwoods,  to 
tell  him  the  offer  would  be  made  in  a few 
minutes,  before  the  London  market  opened. 
The  hour  would  have  been  less  unfortunate 
had  Mr.  Foreman  not  been  staying  at  his 
home  in  Florida,  where  Attwoods" has  a large 
pan  of  its  operations. 

The  offering  dissected  the  recent  perfor- 
mance of  Attwoods,  said  that  the  company 


In  New  York  Slock  Exchange  trading 
Tuesday,  the  ADRs  closed  at  S9.125.  down 
12.5  cents.  Mr.  Ruckelshaus  attributes  the 
premium  to  speculation  that  he  will  raise  his 
bid,  something  he  refuses  to  rule  out.  But  he 
said  be  saw  no  reason  to  do  so  now. 

So  far,  the  two  largest  .American  holders  of 
Attwoods  stock  — the  Fidelity  and  Franklin 
groups  of  mutual  hinds  — have  not  signaled 
what  they  will  do.  and  Mr.  Foreman  said  he 
was  not  now  looking  for  a white  knight. 

“We  have  to  convince  shareholders  that  it 
is  the  right  thing  to  do,  to  stay  with  it."  Mr. 
Foreman  said.  “It  is  certainly  worth  50  per- 
cent more  than  they  are  asking." 


UBS  Defense  Dents  Ebner’s  Armor  ROSEN:  Different  Drummer 


Bloomberg  Business  News 

ZURICH  — Martin  Ebner,  the  investor  who 
could  add  a premium  to  shares  be  favored  just  like 
fresh  coal  of  paint,  may  have  provoked  one  fight 
too  manv  with  the  Swiss  establishment. 


view  the  chance  of  that  is  extremely  high,  then  a 
lot  of  his  clients  wfl]  not  be  satisfied.” 


Union  Bank  of  Switzerland  last  week  acted 
against  the  takeover  threat  it  perceived  in  Mr. 
Ebner.  its  largest  shareholder.  The  board  an- 
nounced a plan  to  wipe  out  much  of  the  voting 
power  of  the  23  percent  of  UBS  shares  controlled 
by  two  of  Mr.  Ebner's  four  listed  investment 
companies.  UBS  shareholders  are  to  vote  on  the 
matter  next  month. 


Since  then,  those  shares  have  plunged  almost 
200  million  Swiss  francs  (SI 55  million).  The  rush 
to  sell  shares  of  other  companies  in  Mr.  Ebner's 
stable  has  wiped  a further  487  million  francs  off 
the  market  value  of  his  listed  investment  vehicles. 

“Ebner  now  has  to  fight  for  his  reputation  in 
ihe  market.”  said  Hans  Kaufmann.  the  head  of 
Swiss  brokerage  research,  and  a director  at  Bank 
Julius  Baer  in  Zurich.  “Should  he  lose,  and  in  my 


Mr.  Ebner  was  accumulating  registered  shares, 
analysts  said,  hoping  UBS  would  raise  the  5 
percent  voting  limit  on  the  shares  so  he  could 
gain  control  of  the  hank.  He  clearly  was  not 
expecting  the  UBS  action. 

Whether  Mr.  Ebner  overplayed  his  hand,  by 
goading  UBS  to  take  such  drastic  action,  will  be 
seen  on  Nov.  22  when  a vote  will  be  taken  on  the 
proposal  at  a shareholders'  meeting. 

The  episode  has  focused  attention  on  the  tactics 
of  Mr.  Ebner’s  group  of  companies:  his  BK  Vision 
AG  and  Pharma  vision  2000  Ltd.  closed-end 
funds  are  the  largest  shareholders  in  two  of  Swit- 
zerland's biggest  companies,  UBS  and  Roche 
Holding.  “The  small  shareholders  in  BK  Vision 
thought  they  were  buying  as  investment  fund  to 
maximize  the  value,”  said  Ian  McEwan.  a banks 
analyst  at  Merrill  Lynch  in  London.  “The  way 
Ebner  sought  to  do  that  looks  more  like  a corpo- 
rate raiders  strategy,  with  the  risk  their  fund  could 
lose  30  percent  or  40  percent  overnight.” 


Continued  from  Page  U 
and  says,  “We  never  thought  it 
would  take  off  to  that  extent." 

Through  a deal  with  the  man- 
ufacturer Victor  Co.  of  Japan  — 
or  JVC  — to  exchange  software 
for  compact-disk  players,  they 
gave  hundreds  of  them  to  jazz 
radio  stations,  which  loved  the 
sound  but  had  nothing  to  play 
other  then  GRP  material.  “We 
were  everywhere,”  Mr.  Rosen 
said.  “Thelittle  window  got  big- 


ger and  bigger.”  This  was  no 
longer  coincidence. 


longer  coincidence. 

MCA  bought  GRP  in  1990, 
when  it  had  annual  worldwide 
sales  of  $20  million  and  40  em- 
ployees. As  an  MCA  division 
with  Mr.  Rosen  as  president,  it 
grew  to  55  employees  in  1993 
and  had  sales  of  $36  million, 
according  to  MCA.  Mr.  Rosen 
hired  his  successor.  Tommy  Li- 


Jobless  Rate 
In  Germany 
Falls  to  Low 
For  Year 


Bernhard  Jagoda,  president 
of  the  Federal  Labor  Office,  at- 


tributed the  improvement  to  a 
seasonal  increase  in  orders  and 
the  increased  pace  of  economic 
recovery  in  Eastern  Germany. 

The  German  economy  has 
been  struggling  out  of  recession 
since  spring,  but  unemployment 
has  remained  high,  topping  4 


million  this  year.  But  the  figures 
released  Wednesday  should  help 
Chancellor  Helmut  Kohl's 
chances  of  being  re-elected  Oct. 
1 6,  economists  said. 


“Mr.  Kohl  must  certainly  be 
very  cheered  by  these  num- 
bers” said  Holger  Fahrinkrug, 
an  economist  at  Union  Bank  of 
Switzerland  in  Frankfurt. 


Puma,  the  former  vice  president 
of  Elektra  Records  who  pro- 
duced Natalie  Cole.  Miles  Da- 
vis and  many  others.  Before 
leaving  to  explore  CD-ROMs, 
he  left  GRP  one  last  coinci- 
dence to  exploit. 

Mr.  Rosen's  acid  jazz  compi- 
lation called  “Red  Hot  + Cool 
— Stolen  Moments,”  for  the 
benefit  of  AIDS  research,  wiU 
be  released  Tuesday.  Acid  jazz, 
a new  melding  of  rap  and  jazz, 
is  on  the  cusp  of  commercial) ty. 
The  album  includes  such  major 
players  as  Guru.  Donald  Byrd, 
MC  Solaar,  Herbie  Hancock, 
the  Digable  Planets.  Branford 
Marsalis  and  the  Last  Poets.  It 
is  the  first  acid  jazz  compilation 
with  artistic  as  well  as  market- 
ing viability. 

“The  whole  story"  is  like  a 
dream.”  Mr.  Rosen  said. 


But  while  German  voters 
watch  the  overall  unemploy- 
ment rate,  economists  rely  more 
on  separate  figures  that  are  ad- 
justed to  reflect  seasonal  pat- 
terns in  hiring,  firing  and  com- 
pany shutdowns. 

Using  this  seasonally  adjust- 
ed measure,  the  number  of  un- 
employed people  in  Western 
Germany  fell  a larger-th  an -ex- 
pected 5,000  during" September. 

(Bloomberg,  AP) 


■ Hoechst  Eyes  UJ3.  Share 

Hoechst  AG  said  Wednesday 
it  wanted  to  expand  its  market 
share  in  the  United  States  but 
declined  to  say  whether  it 
would  do  so  by  buying  Marion 
Merrell  Dow.  AFP-Extel  News 
reported  from  Frankfurt. 

Financial  markets  have  seen 
considerable  speculation  re- 
cently about  Hoechst’s  interest 
in  Marion  Merrell,  the  pharma- 
ceutical arm  of  Dow  Chemical. 


EUROPE” 


. am — • 


r r 
V* 


Its-i'.ilwt 


Compiled  by  Our  Staff  From  Dispaidte 

NUREMBERG  — Unem- 
ployment in  Germany  fell  to 
the  lowest  level  of  the  year  at 
the  end  of  September,  the  Fed- 
eral Labor  Office  said  Wednes- 
day, with  the  number  of  jobless 
people  down  by  142,000  from 
AugusL 

The  jobless  rate  in  Western 
Germany  fell  to  7.9  percent,  the- 
lowest  since  November  1993 
and  down  from  8.2  percent  in 
August  In  Eastern  Germany, 
the  unemployment  rate  fell  to 
13.8  percent  from  14.7  percent 
in  August,  the  lowest  rate  since 
November  1992. 


,,s:i  ^/- '***?* *•  •• 


■ AffiStaRMfvrr":  AeXy  -•  ? \ 

llide* 

• Wtidom,  ' QwntWl-TlineA^.-, 

jutadrid  ;<gttferaf-litdek  ; •■"  29&7S  ■ ■ 

Iffimt  v?  ■ MlBTSL  ; ; ; " "X  " • ‘ 

. Paris'  "•  ^aCAC40y:: 

Stockholm;'^  , 1 -749-17 

y ^--Stoek  IhdaiA-v 

:zuricii?:y ; :-sbs-  ' -V  fe&or 

Sources:  Reuters.  AFP 


fauentaonMl  HoiUThh* 


Very  briefly: 


• Cockerifl-Sambre  SA’s  takeover  of  EKO  StaW  GmbH  may1 
violate  European  Union  rules  because  of  German  subsidies  Karel  ^ 
van  Mien,  competition  commissioner  for  the  ELL  said.  ' 


• Christian  Dior  SA  said  net  profit  rose  71  percent  to  419  million . 
francs  ($79  million)  in  its  First  half,  partly  because  of  its  increased 
stake  in  LVMH  Mo€t  Hennessy  Lotas  Vuittou. 


• British  Sky  Broadcasting  Ltd.  will  create  the  equivalent  of  1,000 
full-time  jobs  in  Scotland  by  building  a £10  million  center  for: 
processing  users'  applications. 


• Valeo  SA,  Europe’s  second-largest  car-parts  company,  said  nine- . 
month  sales  rose  1 1.5  percent,  to  16.73  billion  French  francs. 


• Olivetti  SpA  will  announce  a European  alliance  at  a news." 
conference  in  London  on  Thursday. 


■ Carrefour  SA  said  sales  for  the  first  nine  months  of  the  year  rose. 
8.6  percent  from  a year  earlier,  to  108.83  billion  francs. 


• Hogg  Robinson  PLC  said  it  would  expand  its  financial-services 
operations  by  acquiring  those  of  Bain  Hogg  Group:  Hogg  Robin-' 
son  will  pay  £13  million  ($21  billion)  for  all  Bain's  U.K.  operation1 
and  half  of  its  Hong  Kong  operation. 


• East  German  producer  prices  were  unchanged  in  July  from  June, 
and  rose  0.6  percent  from  July  1993.  the  Federal  Statistics  Office- 

said.  AFX.  AP.  Bloomberg.  Knight-Ridder; 


Telefonica’s  Spending  Plans 


Bloomberg  Business  News 

MADRID  — Candido  Velisquez,  president  of  TelefOnica  de* 
Espana  SA,  said  Wednesday  that  the  company  planned  to  double  ■» 
its  investments  in  Latin  American  telephone  companies  to  almost 
S 1 0 billion  over  the  next  few  years.  * 

“We  will  not  miss  out  on  any  opportunity  to  invest  in  Latin  i 
America,”  he  said.  Hie  company  also  said  it  was  exploring  an  • 
“alliance”  with  a North  American  company  in  Latin  America. 

• - poor i 


ilfl  ill  Ka 


: V 


} iJJ 


international  herald  tribune,  Thursday,  October  6, 1994 


: » 

' v * 


1 1. 


hina  Stocks  Drop 
On  New  Trade  Rule 


Asians  Wary  of  Free  Trade  Zone 


on 


Compiled  by  Ovr  Staff  From  bupaidia 

HONG  KONG  — The 

• Shanghai  A share  market  plutn- 

• lie ted  U percent  Wednesday, 
he  first  day  of  trading  since  the 

• veekend  announcement  of  a 
ule  aimed  at  curbing  market 

...speculation. 

. The  Shanghai  A share  index 
±rppped.90. 1.1  points,  or  1J  per- 
cent, to  close  at  72337.  The 
tlock  exchange  was  closed 
■ -Monday  and  Tuesday  for  a 
holiday.  A shares,  which  only 
: Chinese  citizens  can  buy,  also 
-fell  1 1 percent  in  Shenzen. 

• *Tbe  new  rule  is  an  attempt 
. by  China's  market  regulators  to 
' curb  stock  market  speculation,” 
\a  broker  in  Shanghai  said.  “Even 
though  the  new  rule  will  not  be- 
come effective  until  Jan.  l.raves- 
V on  are  already  nervous.” 

^ ^The  rule,  known  as  “T  plus 
one,”  requires  traders  to  hold 
shares  for  at  least  a day. 
ij  Currently,  traders  can  con- 
: duct  transactions  within  a day 
-with  the  help  of  the  central  ac- 
counting system  after  they  have 
" struck  a deal.  One  analyst  said 
.as  much  as  two-thirds  of  turn- 
over on  the  Shanghai  exchange 
consists  of  such  trading,  for 
. which  investor  capital  “doesn't 
actually  exist,” 

Traders  said  the  market  also 
; fell  because  of  expectations  the 
government  would  cut  credit 
lines  to  securities  houses  to  curb 
inflation. 

An  official  Chinese  newspa- 
per  said  inflation  in  the  country 
had  not  been  curbed.  The  re- 
..  port  said  consumer  prices 
: would  rise  by  22  percent  for  the 
-1  year  if  present  trends  contin- 
ued. 


The  China  Information 
News  report  said  higher  agri- 
cultural input  prices  triggered  a 
jump  in  food  prices.  Farm  pro- 
duction costs  were  34.5  percent 
higher  in  August  than  a year 
earner. 

In  35  large  Chinese  dries,  re- 
tail prices  m August  were  27.1 
percent  higher  than  m August 
1993.  The  government  has  said 
that  controlling  inflation  is  its 
top  economic  priority.  Bat  re- 
ports have  consistently  indicat- 
ed that  the  goal  of  getting  Chi- 
na's inflation  rate  down  to  10 
percent  remains  out  of  reach. 

Some  also  said  investors  were 
selling  shares  because  of  specu- 
lation about  the  health  of  Chi- 
na’s paramount  leader,  Deng 
Xiaoping. 

B shares,  which  are  available 
to  foreign  investors,  also  fell  in 
Shanghai.  The  Shanghai  B In- 
dex, calculated  by  Credit  Lyon- 
nais Securities  Asia,  fell  2.4  per- 
cent, to  88233  points. 

Stocks  also  fell  sharply  in 
Taipei  and  Hong  Kong. 

The  Taipei  bourse,  which  hit 
a four-year  high  last  week,  fell 
328  percent  after  a securities 
brokerage  disclosed  200  million 
Taiwan  dollars  ($8  million)  in 
bounced  checks,  brokers  said. 

The  Hong  Kong  market  fol- 
lowed Wall  Street  down.  The 
Hang  Seng  Index  lost  2.16  per- 
cent, to 9,29836.  “This  is  a knee- 
jerk  reaction  to  the  U.S.,”  Ross 
Purdie  of  Mees  Pierson  lidding 
NV  said.  The  Dow  Jones  indus- 
trial average  fell  45.76  points 


.Tuesday. 


( Bloomberg, 


Knigh  t-Ridder,  Reuters) 


By  Michael  Richardson 

International  Herald  Tribune 

SINGAPORE  — Protectionist  forces 
may  scuttle  attempts  to  build  a regional 
community  based  on  free  trade  in  goods 
and  services  as  trade  ministers  from 
Asia-Pacific  economies  meet  in  Jakarta 
on  Thursday. 

Officials  said  some  countries,  includ- 
ing Japan,  China  and  South  Korea,  were 
waxy  erf  accepting  a fixed  timetable  for 
regional  trade  liberalization  because  that 
would  deny  national  governments  con- 
trol over  politically  sensitive  decisions 
affecting  their  economies. 

Malaysia  appears  to  be  adamantly  op- 
posed to  the  plan,  asserting  that  it  could 
allow  powerful  states  to  dictate  econom- 
ic terms  to  smaller  countries. 

With  the  United  States  unable  to  take 
a finn  lead  is  supporting  the  proposal  as 
Washington  battles  to  overcome  resis- 
tance in  Congress  to  the  global  trade 
accord  readied  in  April,  analysts  say  the 
push  to  open  Asia-Pacific  markets  on  a 
regional  basis  may  be  losing  momentum. 

Mickey  Kantor,  the  U.S.  special  trade 
representative  who  was  to  lead  the 
American  delegation  in  Jakarta,  pulled 
out  at  the  last  minute  to  battle  opposi- 
tion to  the  global  trade  deal  in  Congress. 
He  will  be  represented  by  his  deputy, 
Charlene  Barshevsky. 

Failure  by  the  17  members  of  APEC 
the  Asia-Pacific  Economic  Cooperation 
forum,  to  agree  on  a timetable  for 
achieving  free  trade  and  investment  in 
the  region  would  weaken  the  group  in  its 
dealings  with  the  more  cohesive  Europe- 
an Union. 

It  could  also  undermine  efforts  to  ex- 
tend tiie  trade-liberalization  gain^  made 
in  the  Uruguay  Round  of  negotiations 
that  were  concluded  under  the  auspices 
of  GATT,  the  General  Agreement  on 
Tariffs  and  Trade. 

APEC  comprises  the  United  States, 
Japan,  China,  Ca nadat  Australia,  South 
Korea,  Taiwan,  Hong  Kong,  New  Zea- 
land, Mexico,  Papua  New  Guinea  and 
the  six  countries  in  ASEAN,  the  Associa- 
tion of  South  East  Asian  Nations.  They 


are  Indonesia,  Malaysia,  the  Philippines, 
Singapore,  Thailand  and  Brunei. 

Chile  is  due  to  become  a full  member 
of  APEC  in  November,  when  ministers 
from  the  group  hold  their  annual  meet- 
ing in  Jakarta  followed  by  an  informal 
summit  meeting  of  leaders  in  Bogor,  also 
in  Indonesia. 

APEC  economies  account  for  50  per- 
cent Of  global  production,  40  percent  of 
the  world’s  trade  and  37  percent  of  its 
population. 

To  prepare  for  the  November  meet- 
ings, the  trade  ministers  will  consider 
Thursday  a recommendation  that  APEC 

Malaysia  appears  to  be 
adamantly  opposed, 
fearing  the  bigger  states 
would  be  able  to  dictate 
terms  to  smaller  ones. 

commit  itself  to  a Him  target  for  achiev- 
ing free  trade  in  the  region,  starting  the 
liberalization  program  in  2000  and  com- 
pleting it  by  2020. 

The  recommendation  was  made  unan- 
imously by  a group  of  business  leaders, 
economists  and  former  officials  who  had 
been  asked  by  APEC  leaders  in  Seattle  in 
November  to  present  specific  proposals 
for  consideration  in  1994. 

In  its  recent  report,  the  so-called  Emi- 
nent Persons  Group  also  proposed  a 
phased  introduction  of  free  trade  to  take 
account  of  the  widely  varying  levels  of 
development  among  APEC  members. 

The  group  said  the  most  advanced 
economies  m the  region,  such  as  the 
United  Slates,  Japan,  Canada,  Australia 
and  New  Zealand,  should  achieve  the 
free-trade  target  in  10  years. 

They  suggested  that  the  newly  indus- 
dcveloping  economies  led  by  China  and 
Indonesia  could  take  as  long  as  20  years. 

The  group  also  recommended  that 
APEC  members  show  their  commitment 
to  global  trade  liberalization  by  promptly 


ratifying  the  Uruguay  Round  agreement- 

some  APEC  officials  tried  to  play 
down  the  significance  of  attempts  in 
Congress  to  block  U.S.  ratification  of  the 
Uruguay  Round  accord.  But  some  Asian 
officials  said  the  delay  in  ratification  was 
making  it  more  difficult  to  forge  a con- 
sensus on  regional  trade  liberalization. 

Ali  Alatas,  the  Indonesian  foreign 
minister,  said  any  delay  in  implementing 
the  Uruguay  Round  would  hurt  Indone- 
sia and  other  developing  countries. 

“We  must  confess  to  bang  concerned 
with  the  possibility  of  a tardy  and  long 
drawn-out  process”  of  applying  the 
terms  of  the  global  deal,  he  said  in  a 
irialized  economies — South  Korea,  Tai- 
wan, Hong  Kong  and  Singapore  — 
should  read)  the  target  in  15  years,  while 
speech  to  the  UN  General  Assembly  in 
New  York. 

The  most  adamant  opposition  to  an 
APEC-initiated  program  comes  from 
Malaysia,  which  has  called  for  East 
Asian  economies  to  form  their  own  con- 
sultative caucus  to  protect  regional  inter- 
ests and  promote  free  trade. 

Mahathir  bin  Mohamad,  the  Malay- 
sian prime  minister,  confirmed  after 
meeting  Mr.  Suharto  in  Jakarta  last 
month  that  be  would  attend  the  summit 
meeting  in  Bogor  next  month.  Mr.  Ma- 
hathir boycotted  the  first  APEC  summit 
meeting  conducted  in  Seattle  by  Presi- 
dent Bui  Clinton  late  last  year. 

But  Mr.  Mahathir  said  Malaysia  did 
not  want  APEC  to  adopt  a free-trade 
timetable  or  become  a structured  organi- 
zation  that  held  regular  meetings. 

*^We  would  not  like  APEC  overshad- 
owing ASEAN  or  being  directed  by  the 
more  powerful  members,”  be  added. 

In  the  face  of  Mr.  Mahathir’s  objec- 
tions, officials  said  it  would  be  difficult 
for  APEC  leaders  to  achieve  consensus 
on  trade  liberalization  and  a solid  work 
program  for  the  group. 

Another  lingering  disagreement  is 
whether  any  tariff  cuts  agreed  by  APEC 
should  be  extended  to  nonmembers 
without  conditions  in  the  interests  of 
promoting  broader  free  trade. 


Seoul  Will  Raise  Ceiling  on  Foreign  Stakes  in  Shares  to  15% 


^ -■  . . Compiled  by  Our  Staff  From  Dtspaidta 

* f Hi  * »'  { SEOUL  — South  Korea  said  Wednesday  it 

would  raise  its  ruling  on  foreign  shareholdings 
■>y  two  percentage  points  to  12  percent  beginning 
3$.  I and  to  15  percent  next  year,  but  investors 
• -ippeared  disappointed  as  the  Seoul  market 
•slumped. 

A Finance  Ministry  spokesman  said  the  3 
percent  limit  on  a foreign  individual's  holdings 

- n a single  local  company  would  remain  at  least 
in  til  the  end  of  1995. 

He  also  said  that  the  8 percent  ceiling  on 

- foreign  holdings  in  the  electricity  monopoly  Ko- 
ra Electric  Power  Corp.  and  the  steelmaker 
Pohang  Iron  & Steel  Co.  would  remain  in  force 

' — in  til  the  end  of  the  year  and  then  be  raised  to  10 
percent  The  ceiling  was  imposed  for  the  two 


companies  because  of  their  strategic  importance. 

The  Seoul  stock  market’s  leading  index  lost 
more  than  10  points  shortly  after  the  announce- 
ment and  closed  at  1,05729.  down  735. 

“Two  percentage  points  is  much  smaller  than 
many  investors  had  hoped  for  ” said  Kim  Young 
Soo,  an  analyst  with  Seoul  Securities.  “It  seems 
they  expected  a three  to  five  percentage  point 
increase  this  year.” 

“It's  better  than  nothing,”  said  Peter  Thorn. 
Seoul  branch  manager  of  W.I.  Carr.  “We  are 
pleased  the  Hmit  is  being  increased  but  the  indus- 
try had  hoped  for  more.” 

Shares  also  fell  as  investors  reacted  negatively 
to  reports  that  Korea  Electric  Power  and  Po- 
barg,  two  major  blue  chips,  would  not  be 
included. 


Some  brokers  said  that  the  new  measures  were 
hardly  a factor  on  the  exchange  any  longer  be- 
cause a change  in  the  ceiling  had  been  widely 
expected  and  rumors  had  already  boosted  buy- 
ing in  blue-chips. 

An  analyst. at  Lucky  Securities  predicted  insti- 
tutional investors  would  unload  more  blue-chip 
and  high-priced  shares.  "There  will  be  little  merit 
in  holding  onto  them  for  the  moment,”  be  said. 

Broken  estimated  that  the  increased  ceiling 
for  foreign  holdings  should  translate  into  an 
additional  inflow  of  about  2.9  trillion  won  (S4 
billion ),  based  on  the  Seoul  exchange's  capital- 
ization of  148.73  trillion  won. 

Foreigners  bought  heavily  into  South  Korean 


Developer  Joins 
List  of  Failing 
Finance  Firms 

Bloomberg  Businas  News 

TOKYO— Jin  Sogo  De- 
velopment, a real  estate  de- 
velopment concern,  has 
gone  bankrupt  with  liabil- 
ities of  about  15  billion  yen 
($151  million),  Tdkoku  Da- 
ta Bank,  a research  agency 
Specializing  in  bankruptcy 
analysis,  said  Wednesday. 

WhOe  the  company  has 

tt  filed  for  bankruptcy, 
>anese  authorities  con- 
sider it  insolvent  because 
banks  have  refused  to  hon- 
or the  company's  bills  or 
checks  at  least  twice. 

Jin  Sogo  aggressively  de- 
veloped housing  lots  and 
condominiums  in  the  To- 
kyo area  during  the  1980s. 

It  reported  sales  erf  750 
million  yen  in  the  year  end- 
ed March  3 1, 1990.  But  sales 
fell  steadily  thereafter,  and 
Jin  Sogo  was  unable  to  pay 
interest  on  loans  it  made 
from  other  institutions,  the 
research  agency  said. 

On  Monday,  Nippon 
Mortgage  Co.  filed  for  liqui- 
dation m Japan’s  biggest 


il-Iv 


ny,  which  had  518.4 
yen  of  debt,  also  suffered 
from  an  overly  aggressive 
expansion  during  the  1980s, 
when  Japanese  asset  prices 
rose  sharply.  Last  week, 
Mitsubishi  Bank  booked  a 
loss  of.  S1.08  billion  related 
to  two  finance  affiliates  that 
had  similar  troubles. 


Strong  Sales  Lift  Henderson 


Bloomberg  Business  News 

HONG  KONG  — Hender- 
son Land  Development  Co. 
said  Wednesday  its  full-year  net 
profit  rose  51  percent,  well 
above  most  analysts’  expecta- 
tions, on  a strong  increase  in 
sales. 

The  real  estate  development 
and  investment  company  said  it 
earned  6.04  billion  Hong  Kong 
dollars  ($782  million)  in  the 
year  ended  June  30,  exceeding 
market  expectations  of  around 
5.6  billion  doDars. 

Revenue  rose  to  9.97  billion 
dollars  from  6. 1 1 billion  dollars. 

Lee  Shau  Kee,  chairman  of 
Henderson,  said  the  company 
finished  14  property  projects 
over  the  past  year  with  a total 
floor  area  of  around  22  million 
square  feet  (20,000  square  me- 
ters), and  almost  all  of  these 
have  been  sold. 

The  company’s  income  from 
rentals  rose  33  percent,  to  570 
million  dollars. 

Henderson  also  said  it  would 


raise  i is  dividend  to  1 20  dollars 
a share  from  87  cents  in  the 
previous  year  and  pay  a cash 
bonus  of  1 dollar  a share,  in  line 
with  last  year,  “in  view  of  the 
very  satisfactory  results.” 

Net  profit  at  Henderson's  in- 
vestment holding  associate, 
Henderson  Investment,  rose  16 
percent,  to  1.13  billion  dollars. 
Sales  at  that  divirion  rose  to 
128  trillion  dollars  from  1.13 
billion  dollars. 

Henderson  Land’s  shares 
were  down  1.10  dollars,  to 
4630,  in  a dedining  Hong 
Kong  market  The  results  were 
announced  after  the  close  of 
trading. 

Henderson  is  planning  to  is- 
sue warrants  expiring  in  March 
1996  that  would  entitle  warrant 
owners  to  one  new  Henderson 
Investment  share  for  every  10 
shares  held  at  a price  of  7 dol- 
lars. Henderson  Investment 
dosed  at  630  dollars,  down  20 
cents. 

Mr.  Lee  said  Henderson 


Land's  profit  should  continue 
to  gain  in  the  coming  year  and 
Henderson  Investment's  profit 
should  show  a substantial  in- 


■ Sales  lift  Gnoco  Earnings 

Net  profit  at  Guoco  Group 
LtcL,  an  investment  and  finan- 
cial sendees  company,  more 
than  doubled  in  the  year  ended 
June  30,  in  step  with  rising 
sales,  Bloomberg  Business 
News  reported. 

Guoco  earned  1.36  billion 
dollars  in  the  year,  up  from 
573.8  million  dollars  the  previ- 
ous year.  Sales  rose  to  3.30  bil- 
lion dollars  from  2.02  billion 
dollars. 

Separately,  the  investment 
company  Lippo  Ltd  said  it  was  - 
holding  talks  on  sgllmg  its  con- 
trolling stake  in  the  real  estate 
company  Hongkong  China  Ltd 
to  an  independent  third  party. 

It  would  not  identify1  the  pro- 
spective buyer,  who  it  said  had 
approached  Lippo  about  the 
possible  purchase.  j 


Uni  trades  Skav 

19-21,  brd  do  Prince  Benri  L- 1724  Uanimrg 
TO:  46 14 11  Fax:  22 15  91 
R.CB.31JK22 

Notice 


is  hereby  given  that  the  Extraordinary  Meeting  of  (he  shareholders  of 
Unitrades,  Sicav  will  be  held  at  the  Registered  Office  on  24di  October,  1994 
at  1 1.00  am  for  the  following  purpose: 

1 . dissolution  and  liquidation  of  the  Sicav; 

2.  appointement  of  the  liquidator; 

3.  determination  of  the  liquidator's  powers. 

Shareholders  wishing  to  ex  erase  personally  their  rights  at  the  meeting  may 
deposit  (heir  share  certificates  no  bier  than  five  working  days  before  the 
General  Meeting  at  the  Registered  Office.  Sociftl  Eoopeenne  de  Basque, 
19-21  boulevard  du  Prince  Henri,  L-  1724  Luxembourg.  Grand  Duchy  of 
Luxembourg. 

The  Beard  of  Directors 


Nintendo  Outlook  Hits  Game  Shares 

Bloomberg  Business  News 

■ TOKYO  — Shares  of  Nintendo  Co.  and  other  video-game 
makers  tumbled  on  Japanese  exchanges  Wednesday  after  Nin- 
tendo lowered  its  earnings  estimate  for  the  current  year. 

On  Tuesday,  the  world's  largest  video-game  maker  said  the 
strong  yen  and  a price  war  in  Europe  had  forced  it  to  cut  its  profit 
estimate  for  the  half  year  ended  SepL  30  by  15  percent,  to  51 
billion  yen  ($5 10  million).  Full-year  pretax  profit  to  March  1995  is 
expected  at  104  million  yen,  also  lower  than  previously  thoughL 
Nintendo  share  prices  fell  to  a six-year  low  and  closed  at  5,350 
yen.  The  news  also  hurt  shares  of  Sega  Enterprises  Ltd-,  Ninten- 
do's biggest  rival  in  the  games  market 


Tokyo 

Pacific 

Holdings 

r 


Weekly  ner  asset 
value 

on  30.09.94 

US  $ 25248 

Listed  on  die 
Amsterdam 
Stock  Exchange 


Information: 

MeesPierson  Capital  Management 
Rokin  55,  1012  KK  Amsterdam. 
Tel.:  + 31-20-5211410. 


International 

Classified 

Marketplace 

I Monday 

International  Conferences  and  Seminars 
I Tuesday 

Education  Directory 
I Wednesday 

Business  Message  Center 
I Thursday 

International  Recruitment 
I Friday 

Real  Estate  Marketplace,  Holidays  and  Travel 
I Saturday 
Arts  and  Antiques 


Plus  over  300  headings  in  International  Classified 


Page' 17 

ASIA/PACIFIC 


Hong  Kong  Singapore  ■ ' Tokyo 

HangSeng ..  •: Straits  Times.  . Nikkei  225 

.17000 24©  7^7— T': 


mt- 


- 21QQ0-rfi^-a 


.22® -rr} 
2W0-™ 


. A S O ' 

i99*: 

Exchange.  ’.  . ■ Index 


J J A S o' 

1994-  ‘ 


MJJ  A80 

ISM 


Wednesday  Prev. 


Hong  Kong 
Singapore  * 

Sydney 

Tokyo 


HarigSeng 
Straks  Tlroos*' 

AH  Ordinaries 
Nikkei  225  . 


Closs  • Close  Chan# 

9,29836  9,50432  -2,16 

2,38033  2370.56  +0.43 

1379.80  1,990.00  -0.91 

13,751.55  19,560.01+0.93 
1,133-72  1,125.66  +0.72 

1A92.89  7,500.93  -0.54 

135724  • 1,064 .64  -0.70 

6,94439  7,179.02  -3.28 

2,97331  2,85331  . +0.67 

503.64  499.43  +0.84 

2,0352)1  "1*057.56  T09~ 

2,063^9  £o$S32  -0J06 


Kuala  Lumpur  Composite 

Bangkok  SET  1,492.89 

Seoul  . . Composite  Stock  1,057.24 

Taipei  • Weighted  Price  6,94459" 

Manila PSE 2,97341 

Jakarta  Stock  Index  503.64 

New  Zealand  - N2SE-40 

Bombay  National  Index 

Sources:  Reuters.  AFP 


2.973- 31 

503.64 

2,03541 

2,06X99 


liurmu.'iuJ  I krai  J Tntaflc 


shares  in  the  third  quarter  in  anticipation  of 
further  measures  to  open  the  market,  the  central 
bank  has  said. 

Policymakers  are  worried  about  inflation,  said 
Don  Lee,  an  analyst  with  Barclays  de  Zoeie 
Wedd.  “They  may  want  to  announce  some  kind 
of  overall  cap  on  the  actual  amount  because  of 
the  inflationary  effect,”  he  said. 

Analysts  said  the  move  was  also  likely  to  raise 
demand  for  the  won,  further  strengthening  a 
currency  that  rose  0 J percent  last  month. 

The  final  schedule  for  the  changes  next  year 
will  be  determined  by  economic  conditions  such 
as  money  supply,  exchange  rates  and  stock  mar- 
ket trends,  the  ministry  said. 

(Reuters,  Knighr-Ridder.  AFP) 


Very  briefly: 

• China  International  Trust  & Investment  Corp-  a state  investment 
concern,  said  its  asset  value  would  soar  45  percent,  to  120  billion 
yuan  ($14  billion),  by  2000.  Separately,  CIT1C  said  it  planned  to 
open  a securities  brokerage  and  an  insurance  firm. 

• Taman  and  Total  SA,  the  French  oil  company,  are  to  sign  a 
SI .25  billion  agreement  with  Vietnam  to  build  ah  oil  refinery  in 
Ho  Chi  Minh  City  with  a capacity  of  130.000  barrels  of  oil  a day. 

• Honda  Motor  Co.  shares  closed  at  a two-month  high,  at  1.740 

Jen  ($17 JO)  on  hopes  that  domestic  sales  will  rise  after  the 
apanese  company  announced  the  launch  of  a new  recreational 
vehicle. 

• Rabobank  Nederland  will  buy  Primary  Industry  Bank  of  Austra- 
lia Ltd.  from  Bank  of  Western  Australia*  for  100  million  Australian 
dollars  ($74  million). 

• Marubeni  Corp.,  Nissho  Iwai  Corp.  and  Sianhomo  Corp.  were 
fined  2.34  billion  yen  by  the  Osaka  taxation  bureau  for  failing  to 
report  income. 

• RFC  Holdings,  a fast-food  restaurant  chain  owned  by  PepsiCo 
Iikl,  said  it  planned  to  have  branches  in  every  major  Chinese  city 
in  four  years  by  opening  more  than  150  new  restaurants. 

• Thailand  will  allow  at  least  five  more  foreign  banks  to  open  next 
year  under  its  international  pledge  to  license  more  banks  by  1997. 
Fourteen  foreign  banks  now  operate  in  Thailand. 

Bloomberg,  AFP,  Knight- Bidder.  AFX 


WIN  FIRST  CLASS  TICKETS 

FROM  OCTOBER  10th,  1994 

READ  THE  IHT 

FOR 

A CHANCE  TO  WIN 
FIRST  CLASS  TICKETS 
FROM  EUROPE 
TO  ANY 

DELTA  AIR  LINES  DESTINATION 
IN  THE  USA. 

RUNNER-UP  PRIZES 
INCLUDE 

BUSINESS  CLASS-FLIGHTS, 

AT  CROSS  PENS 
& 

GOLD  PFEIL  ACCESSORIES. 


A» DEHAAIRUNES 

You’ll  Love  The  Wav  We  f lt: 

fL  INTOTVtniiML^»  . * 

iicralo5^^enbunc. 


On  October  24th,  the  IHT  will  publish  a Sponsored 
Section  on 

World  TVavel 
Shopping 

Among  the  topics  to  be  covered  are: 

■ New  investment  and  innovations  m the  way 
duty-free  products  are  sold. 

■ The  Channel  Tunnel  — a new  venue  for 
duty-free  sales. 

■ The  “Tax-Free  for  Tourists"  program  in  Europe. 

■ What  duty-free  operators  in  the  Middle 
East  are  doing  right 

■ Portraits  of  Asia's  top  outlets. 


ACCESS  NUMBERS  COUNTRIES 


ACCESS  NUMBERS  COUNTRIES 


ACCESS  NUMB5S  COUNTRIES 


ACCESS  NUMBERS  COUNTRIES 


TO  CUT  THROUGH 


THE  HASSLES  OF  USING 


A FOREIGN  PHONE, 


CUT  ALONG  THE  DOTTED  LINE. 


AnMrican  Sanaa 

Antigua  tdodknwd  pf>oaa»J 
Antigua  (pay  photm) 
Argentina 
Arnwafc 

Australia  (Optus)  + 
Australia  (Warn)  + 
Austria  ■ 

Bahama* 

Baiboda*  A 

Mgium-t- 

Baszalhmfc) 

Bnrmldo  J 
8a  Wo 
Brasil 

8rf!Wi  Vagin  U.  A 

Bulgaria  A 
Canada  - 
Oift* 

Chino  (Engfirit)  +✓ 

China  (Mandarin)  +✓ 
Catoabia  (EngOih) 
Colombia  [Spaatih] 

Coaa  Sfco  + 

Cnatiat- 


633-1000 

no 

I-800-36&-4603 

00-  1 -400-777- 1 1 1 1 
6-1+155 
0MU55IM0 

1- 6O0-BB 1-877 
02X403-014 

1-M0389-21I1 

1-300-877-8000 

OSOO-tOOU 

556 

*4 

1-800-623-067? 

0900-3333 

000-8016 

1-300477-8000 

00- 300-1010 

1- 800477-8000 
00+0317 
103-13 
108-16 
930-130410 
9S0.130.1IO 
163 

994800-13 


Cypnn  ✓ ■ 

Csath  Kapvblfc  +✓ 
Don  mat  *■ 

Dominican  RapufaBc  A 

EondoiV 

Egypt  (Odra)  * 

Egypt  (all  aUwt}  + 

El  Sahada  + 
njlUandi 
Finland  + 

Franca  4 
Carnally  + 

Cc**c*  + 

Cuoai 

Guaiemola  + 

IWaw  A 
Hong  Kang 
Hang  Kong  A 
Hungary  +V* 
ktknl 
Imfia  + 

Manmia 
inland  + 
brad  + 

Italy  4 
Jamaica  — 


080-900411 

004X087-187 

800.1-0877 

1 - 800751-7B77 
171 

156-4777 

02- 356-4777 
191 

004-890- 1 00-3 

98001 "0784 

19+0087 

01300013 

008-OOM11 

950-1366 

195 

001-800-1212000 

B00-1S77 

Oil 

00+800411-877 

9994103 

000- 137 

001- 801-15 

1 -£00-55-2001 
177-102-2727 
172-1877 
1-800-877-8000 


Jo  pm  (lOQ  fbtgWi)  * 

Japan  fKDCM  (&9W1)  * 
Japan  |Jap«noaJ  * 

K*nya  / 

Korea  (Damn)  + 

Korea  (KT)  ♦♦ 

Kuwait 

ii«chnmnii>  + 

Lithuania  J 
Luemboiug 
Mae  an  a 
Malaysia* 

Mwlca-J- 
Monm  4 
Noth.  ArUllai  - 

ICiracao  5 Bonaire)  4 
Nathariandi  4 
Now  Zaa  load  A 
(in-country  Caih) 

Non  Zaakn* 

Nicaragua  fn—aun  taqfcl» 
Managua  IPnam  Spiilil 
Nicaragua  ll»nog»» 

Norway  + 

Panama 

faragwor  A 


0066-55-87 7 

0039.137 

0066-55-988 

0800-13 

0039-13 

009.16 

800-777 

1 55-9777 

88197 

0000- 01 15 
0800-121 
8000016 
95-000-877-0000 
19+0087 

001- 800-745-1 1 1 1 
06+023-9119 

012-0-ana  a+Nni 

000-999 

171 

161 

C2-l-feg5tfc4rSpnairf.r 

300-19877 

ns 

006-12-800 


Para  J 

phillpplaai  1ETH  MaHocn 
PWippoma  (HtilGun)  A 

Phffipfdnai  (nun 

Mond  + 

Portugal  + 

PuartuRico  - 
Romania  +■ 

Routa  (Moccew)  4 
Bn  (Ua  (an  athar)  +■ 

Saipan 

Tinian  and  Rato  +■ 
San  Marino  + 

Stwft  Arabto 
Skigapore  * 

South  Afrira  + 

Spain 

St.  Luda  v 
St  Lada  5 
Suradan  4 
Sw9rartoad  + 

Syria  *■ 

Taiwan  a 
ThoSandS 

TrMdasl  & Tobago 
(pom  of  crery  oft  it 


196 

oaty)  0105-01 
102-611 
105-16 

00104-800-115 
05017-1-677 
1-800-877-8000 
01 -*00-0477 
155-6133 

8095-155-6123 

2350333 

1-235+333 

173-1877 

1800-15 

8000-177-177 

0- 100-99-0001 
400-99-00]  3 

1 400-277.7468 
187 

020-7994111 
f 55-9777 
0808 

0030- 1 4-0077 

001- 999-13-877 


Tut  toy  4 

US.  Virgin  hlandi  - 
U-SA  - 
Ifcdnr 

United  Arah  Ent’icim  4 
Ualtad  Kingdom  (BT) 
Un6ad  Kingdom  flMarcu-y) 
Uruguay  — 

Vatican  Ofy  4 
VotuaiBla  l English) 
Vensiuala  ISpanfcfc] 


ACCESS  NUMBERS 


00800-1-4477 

1-800877-8000 

1-300877-6000 

8-IOO-I5 

800-131 

0800-89-0177 

0500-89-0877 

000417 

172-1877 

800-1111-0 

800-1111.1 


Sprint. 


T‘‘  mB,  put  1 ur  iVi-  Wiv  jri.t  tirii  iu!  tir  j,:ro  r.uitJr-  i.v 
ihr  r.iuurv  ww  it  n vino  In  n.»  in nr  J uU.  1,11  ]/  fa  :ieJ 
Jtl  rnjilal-lptjlun-'  Sjpjjiil  1 iprut.it  ll':  ,+,iJ  ,.jiV 


I 


IS 


Tl 

mi 


Page  18 


INTERNATIONAL  HERALD  TRIBUNE,  THURSDAY,  OCTOBER  6, 1994 


SPORTS 


Labor  Situation  Dominates 
The  NBA  Owners’  Meeting 


The  Associated  Press 

NEW  YORK  — With  the 
major  league  baseball  season  al- 
ready canceled  because  of  a 


strike  and  hockey  players 
Natioi 


locked  out  talk  of  a National 
Basketball  Association  con- 
frontation is  getting  louder. 

So  it's  no  wonder  the  NBA’s 
labor  situation  was  dominating 
the  agenda  of  the  owners’  meet- 
ing Wednesday,  overshadowing 
proposed  rules  and  ownership 
changes  its  board  of  governors 
is  considering. 

The  league,  winch  has  never 
had  a work  stoppage,  has  tried 
to  squelch  lockout  talk,  saying 
it  hopes  things  won’t  come  to 
that. 

Bui  the  New  York  Daily 
News  reported  Wednesday  that 
NBA  owners  were  expected  to 
conduct  a secret  vote  at  the 
meeting  that  could  authorize  a 


lockout  of  players  before  Nov. 
15,  when  players  would  receive 
their  first  paychecks. 

The  regular  season  is  sched- 
uled to  start  Nov.  4. 

With  the  NBA  and  its  players 


far  apart  on  several  mqjor  is- 


sues, can  pro  basketball  do  any 
better  than  baseball  and  hockey 
in  the  labor  department? 

“I  feel  optimistic,'*  Russ 
Cranik,  the  NBA’s  deputy  com- 
missioner, said.  M1  stQl  think  the 
track  record  between  the  union 
and  management  has  been 
good.  I don’t  have  any  reason  to 
think  that  won't  continue.” 

Just  as  in  baseball  and  hock- 
ey, however,  what  the  owners 
want  and  what  the  players  want 
in  a new  agreement  are  two  very 
different  sets  of  things. 

The  players’  union  wants  to 
eliminate  the  salary  cap,  restric- 
tions on  free  agency  and  the 


Baseball  Owners  Propose 
45-Day  Freeze  on  Signing 


New  York  Tuna  Service 

NEW  YORK  — Out  of  the  slumber  of  a season-shattering 
baseball  strike,  club  owners  have  proposed  to  the  union  that 
the  two  sides  agree  to  a 45-day  freeze  on  off-season  dates  and 
rules. 

The  freeze,  most  noticeably,  would  push  back  the  free- 
agency  filing  period.  But  it  could  have  potentially  greater 
implications,  especially  for  the  clubs'  decision  on  wheLher  to 
declare  an  impasse  in  dormant  negotiations  and  then  impose 
new  rules  unilaterally. 

The  dubs  proposed  the  freeze  in  a letter  from  Chuck 
O'Connor,  general  counsel  of  the  labor  relations  committee, 
to  Donald  Fehr.  head  of  the  Major  League  Baseball  Players 
Association.  Fehr  was  traveling  to  Los  Angeles  on  Tuesday, 
but  Gene  Orza,  the  union’s  associate  general  counsel,  said, 
*Tm  underwhelmed  by  the  proposal.” 

The  union  most  likely  will  reject  the  proposal,  figuring  that 
a freeze  would  be  far  too  great  an  advantage  strategically  for 
the  dubs  with  no  real  advantage  to  the  players. 

Neither  side  was  prepared  to  discuss  the  substance  of  the 
idea  publicly,  preferring  to  wait  at  least  until  they  meet  on  the 
matter. 


college  draft  and  get  a larger 
share  of  revenues. 

The  owners  want  to  close 
loopholes  in  the  current  salary 
cap,  such  as  contract  clauses 
that  allow  players  to  become 
restricted  free  agents  after  one 
year  and  balloon  payments  at 
the  end  of  contracts.  The  league 
also  would  like  to  see  restric- 
tions on  rookie  salaries,  and  it 
insists  on  continuing  the  draft 
The  players  association  has 
challenged  the  legality  of  the 
cap.  draft  and  right  of  first  re- 
fusal for  free  agency,  alleging 
antitrust  violations.  The  players 
lost  a court  decision  in  July,  but 
appealed  and  are  awaiting  a rul- 
ing before  returning  to  the  bar- 
gaining table. 

But  that  ruling  isn’t  expected 
until  the  middle  of  the  month, 
leaving  about  two  weeks  before 
the  start  of  the  season  to  ham- 
mer out  a deaL 
If  matters  aren’t  resolved  by 
then,  the  league  could  press  for 
players  to  take  a no-strike 
pledge,  ensuring  the  season 
could  proceed  without  threat  of 
interruption. 

While  no  resolution  of  the 
labor  matter  will  come  out  of 
the  governors’  meeting,  several 
rule  changes  wilL 
To  beef  up  scoring  and  un- 
dog  the  lane,  the  3-point  line 
would  be  moved  to  a uniform 
22-foot  (6.7-meter)  arc.  Cur- 
rently, the  arc  extends  from  22 
feet  in  the  comers  to  23  feet,  9 
inches  at  the  top  of  the  key. 

In  another  rule  proposal, 
players  fouled  on  a 3- pointer 
would  get  three  free  throws. 

The  owners  also  are  expected 
to  adopt  a rule  in  which  any 
player  committing  two  flagrant 
fouls  in  a game  would  be  qect- 
ed.  In  another  move  to  reduce 
fighting,  any  player  leaving  the 
bench  during  an  altercation 
would  be  subject  to  a minimum 
one-game  suspension  and  fined 
a maximum  of  520,000. 


ir1; 

Design 
Stadium  * 


, . Walw  Bwri/Tbe  Ajpodaied  Pick 

Martina  Hingis,  a 14-year-old  prodigy,  making  her  debut  in  the  year  that  the  other  Martina  — Navratilova  — retires. 


2 Martinas:  One  Going,  One  Coming 


Compiled  by  Our  Staff  From  Dispatches 

ZURICH  — The  Swiss  prodigy  Martina 
Hingis  has  made  an  explosive  debut  on  the 
women’s  tennis  tour. 

Hingis  was  bora  in  Czechoslovakia  14 
years  ago  and  named  by  her  mother,  a 
former  tennis  professional,  after  her  fam- 
ous compatriot.  Martina  Navratilova. 

She  held  her  first  tennis  racket  at  the  age 
of  2,  played  her  first  tournament  at  5, 
moved  to  Switzerland  at  7 and  became,  at 
12  years  and  eight  months,  the  youngest 
junior  champion  at  a Grand  Slam  event. 

Judging  by  her  debut  performance  at 
the  European  Indoors  tournament  in  Zu- 
rich on  Tuesday,  when  she  beat  the  expe- 
rienced American,  Patty  Fendick,  6-4,  6- 
3,  with  a superb  baseline  display.  Hingis 
may  yet  justifiably  be  compared  to  her 
namesake. 

But  Navratilova,  37,  struggled  to  a vic- 


tory and  conceded  that  she  was  weary  of 
the  tennis. circuit  that  has  earned  her  near- 


ly 520  million  and  167  singles  titles. 

re  if  Martina  wasn't 


^You  wouldn't  be  here  i 
playing,”  a philosophical  Navratilova  said, 
referring  to  Hingis.  Navratilova  had  been 
hard-pressed  in  a 7-5, 4-6, 6-1  victory  over 
Ann  Grossman. 

“People  didn't  come  to  see  me  play. 
They’ve  been  watching  me  for  more  than 
20  years.” 

For  the  moment,  however,  the  compari- 
sons made  are  not  with  Navratilova  but 
with  another  child  champion,  tbe  teenage 
burn-out,  Jennifer  Capriati. 

Navratilova,  the  most  successful  woman 
in  the  open  era  of  tennis,  now  playing  out 
her  final  season,  finds  herself  in  the  oppo- 
site camp  from  Hingis  in  the  debate  over 
children  in  sport. 

She  said  she  did  not  make  an  impact  on 


the  tennis  scene  until  she  was  15.  She 
disapproves  of  early  starts  because  of  the 
emotional  pressure  and  the  physical  dan- 
gers to  growing  bones. 

“Tf  I had  a child,  I probably  wouldn’t 
want  her  playing  on  the  tour,”  said  Navra- 
tilova. “Mentally,  they  may  be  ready,  but 
not  physically.  There  might  be  tbe  odd  14- 
year-old  that  is  ready  for  it.  but  why  push 

itr 

Hingis,  a pony-tailed  blonde  who  turned 
14  on  Friday,  shrugged  off  comparisons 
between  her  and  Capriati. 

“I  think  in  her  family  she  had  problems, 
and  that’s  not  the  case  with  us,”  Hingis 
said. 

“And  there’s  much  more  pressure  to  win 
in  the  United  States  because  millions  are 
involved  In  Europe,  it's  only  thousands.” 

(AP,  Reuters) 


The  Associated  Prea 

PARIS  — Ending  jdifci 
debate  and  confusion*?  tl 
French  governments,  on  . . 
Wednesday  made  its  final  * ’ >. 
choice  of  architectural  plaasioj  | : 
the  80,000-seat  stadiun^  th&f 
will  be  the  centerpiece  bf  \ . . 
1998  World  Cup.  j j . 

The  elliptical  stadium, yfludL | 
can  be  covered  by  an inf&abl^  J 

roof  in  bad  weather,  will  posts*  | 
estimated  1.9  billion  franc$  $ 

(about  $360  million).  The  go*  : 
eminent  will  pay  51  percent  of  \ 
the  cost  is  “S' 

It  was  slightly  cheapo  tha*.|  ;- 
the  2 billion  franc  nmnerqqi  T 
proposal  for  a rectangidar-sfe-  | 

dium  with  mobile  stands  to  , 

vide  different  seating  conarfg*  f . " 
rations  for  rugby  and  soccet^  -r 
The  new  facility,  to  be  edn^.j , V 
structed  just  north  of  Paris  is  .4  ’.•• 
the  suburb  of  Saint-Denis,  vrifri , 
be  by  far  the  biggest  stadinm  rtfflf  \ 
France.  The  current  largest 
the  Parc  des  Princes  in  Pari$BjS  ' 
which  has  almost  50,006  seats.^  ... 

Designed  by  the  architects  Ji  . ■ 
Michel  Macary  and  Aymerifl£||  .* 
Zublena,  the  plan  features  a^i  ,r--: 
thm,  dlipticaT  ring  seemmglyni  re- 
floating above  the  grandstand*^!  ‘ . 
supported  by  20  thin  mefafe&f  * 
rods. 

The  stadium  is  intended- 


accommodate  soccer,  jnj^by^P  . 


and  track  and  field,  as 
entertainment  spectacles. 

French  rugby  officials  horif ‘ . 
the  facility  will  help  their  bid  to- J.- • 
be  host  to  the  2001  -Ru#$  ' 


World  Cup. 

Discussions  of  a super-: 
um  for  the  Paris  area  aate 
to  1936,  but  no  project  was 
started  until  France  was 
ed  in  1992  to  be  host  of 
premier  event  in  1998. 

The  new  stadium  will  be  the? 
venue  for  the  opening  match  bit 
the  1998  World  Cup  and  far  the  - y . r 

final 


i > 


SIDELINES 


SCOREBOARD 


Head  of  Algerian  Soccer  Club  Slain 


ALGIERS  (AP)  — Gunmen  killed  the  president  of  one  of 
Algeria's  most  important  soccer  dubs  on  Wednesday  as  he  stood 
in  front  of  a home  he  was  building  for  his  family,  authorities  said. 

The  death  of  All  Tahanouti  was  the  latest  in  a series  of  killings 
of  sports  officials  attributed  to  Islamic  extremists.  Tahanouti  was 


'j.-J  • —t  cSfKifV  fc  St'-i 

Japanese  Leagues 


BOWLING 
Men’s  Stales 

1.  Lin  Hon-chen.  Taiwan.  M10;  2,  Henaro 
Protons.  Indonesia,  1 ,292;  i Richard  Sin  Mo 
Phua  Malania.  1.284. 


Central  League 


president  of  Sporting  Youth  of  Bordj-Menaiei,  a fi^st  division 
for  yean 


team  that  has  for  years  ranked  among  Algeria's  top  three  clubs. 

A trainer  of  a police  boxing  team  and  a vice  president  of  a judo 
federation  have  been  killed  in  attacks  attributed  to  Islamic  extrem- 
ists. In  tbe  past  two  weeks,  one  of  Algeria's  most  popular  singers, 
Cheb  Hasrn,  was  killed,  and  another  singer  was  abducted. 


Trainer’s  Death  Tied  to  Horse  Virus 


SYDNEY  (Reuters)  — The  Australian  racehorse  trainer  Vic 
Rail  almost  certainly  died  of  the  same  disease  that  killed  14 
thoroughbred  racehorses.  Queensland  medical  authorities  said 
Wednesday. 

Tests  on  Vic  Rail's  body  discovered  antibodies  linked  to  the 
virus  found  in  the  lungs  of  two  horses  that  died  in  his  stables  last 
month.  In  all,  14  horses  died  in  the  outbreak,  12  at  adjoining 
stables. 

Rail,  49,  died  in  a hospital  on  SepL  28,  after  a respiratory 
illness.  Dr.  Geoffrey  Murphy,  director  of  public  health  in  Queens- 
land, said  tests  to  isolate  Lhe  virus  in  the  trainer's  body  were  still 
being  conducted. 


W 

L 

T 

Pet. 

GB 

Yomlurl 

49 

59 

0 

.539 

— 

Chunlchi 

48 

40 

0 

J31 

1 

Hiroshima 

64 

43 

0 

J12 

3VS 

Hanshln 

42 

67 

0 

X8t 

7V, 

Yakahama 

tl 

68 

0 

X73 

8Vi 

Yakult 

59 

68 

0 

MS 

9V, 

Wednesday*!  Results 

Yomlurl  4,  Yakult  0 

Pacific  League 

W 

L 

T 

Pet 

GB 

x-Selbu 

74 

50 

2 

.597 

— 

Kintetsu 

48 

57 

2 

M* 

6V, 

Da  lei 

68 

59 

1 

S3S 

7W 

Orix 

67 

59 

3 

£32 

B 

Lotte 

S3 

72 

1 

.424 

21W 

Nippon  Ham  44 

79 

5 

-368 

28V; 

x-dlnched  league  title 

Wednesday's  Results 

No  games  scheduled 

Z - v -/inais 
C‘-\.  .i  j- 
-*Jr- 

' ■'  ■ 

Women1*  Singles 

1.  Kim  Sock-young.  South  Karoo,  1047;  Z 
Norlko  inauchl,  Japan.  1.226; 3, Groce  Young. 
Singapore.  L21B. 


GYMNASTICS 

Men 

All-Around  Final:  1.  U Xtaosbuang.  China. 
57.450;  Z Huang  LUring.  China.  57400;  1 Ya- 
ihlakl  Hatofccda,  Japan,  54.921 
Women 

All-Around  FtiMl:  l.  Ota  Ya,Ciitna.38.750; 
Z Yuan  Keaia,  China.  38JO0;  3,  Mo  Huflon 
China  38487. 


Aslan  Games 


BASKETBALL 

women 

China  9L  Japan  82 
South  Korea  101.  Taiwan  83 
Men 

Kazakhstan  72.  United  Arab  Emirates  43 


BOXING 
First  Round 

Light  Flyweight:  Ban  kit  DIoumodHav,  Ka- 
zakhstan. deL  Chas  Kwmvdiul.  South  Karra 
3W;  Promunmak  Phasuwan.  Thailand,  art. 
Kcmsavnav,  Laos,  w-t:  Mansueto  Velasca 
PMlInptaa,  KO  VOnna  Thim,  Cam  aorta  T:5X 
1st  round;  AbchH-  Rashid  Oumbranl,  Pakistan, 
stowed  R.  Amin,  Bangtadesh,2;47, 1st  round; 
Hennensen  Balia  Indonesia  del  Arman 
Nashdl  NHI,  Iran.  13-4;  Kazumasa  TsuHmotu. 
Japan,  def.  E.  Tsogtiargal.  Mongolia.  14-4. 

Bantamweight:  umesh  Katuwat.  Nepal, 
drt.  Ko  Wen-mlng,  Taiwan.  741;  Yearn  Jang- 
klL  South  Korea  def.  Shan  xfaaqkma  China 
13-3;  Bektas  Aboubakirov,  Kazakhstan,  del. 
Motochlka  Aharon.  Japan,  l3-«;  Anthony 
Iguoaulsa  Philippines,  stooped  Behan  Bate- 
many,  Iron,  1:29. 2nd  round;  T.  Davaotseren. 
Mongolia,  def.  LittMech  Kerdpayafc,  Thol- 
land,  11-7;  Gurmeet  Singh,  I ndht.  del.  Moham- 
mad Ashvn  HasMln,  Bangladesh,  30-1;  Kho- 
lla  Abdul.  Pakistan,  def.  Ovoun  SkMlkov. 
Uzbekistan,  10-6;  N.  Wallsundera,  Sri  Lanka 
def.  X.  Sengttwvlsouk,  Laos.  8-7. 

Middleweight:  Pino  Batwrl.  Indonesia  del. 
Narang  Irtprom,  Thailand.  1M;  Arkadi  I To- 
paev.  Kazakhstan,  stopped  MU  Harunur  Ra- 
shid. Bangladesh,  0:35,  2nd  round. 


KARATE 
MW 
Karaite 
M Kilograms 

Semifinals:  Tashihito  Kokuburv  Japan,  det. 
islrall  Ismailov,  Tajikistan  4-0;  Mohammad 
Naur  Shamseh.  Syria  det.  Liao  Yim  Chlh, 
Taiwan  3-2. 

Final:  Kokutxm  def.  Shamseh,  1-0. 

Over  8S  Kilograms 

Semfflnals:  Yasumasa  Shimizu,  Japan,  oef. 
Vahid  Khaieti  Hosselnl.  I ran,  5-3;  Abdulmoftj- 
ilb  Al-Bargawl,  Saudi  Arabia,  del.  Mahomed 
Falruz  Mohamed  Falser,  Malaysia  3-1. 

Root:  Shimizu  dot.  Al-Bargawl,  6-5 


Kata 

Final:  1,  Ryoki  Aba  Japan,  47J  points;  Z 
Kadr  Abdullah,  Indonesia  470;  3.  Richard 
Anthony  Um,  Philippines,  444. 


SOCCER 

fyifcfl 

Uzbekl  si  an  1,  Kara  Kang  0 
United  Arab  Emirates  2,  Burma  0 
China  3,  Brunei  2 
South  Korea  2,  Oman  1 
Japan  1,  Qatar  I 
Saudi  Arabia  4 Thailand  2 
Iran  1.  Turkmenistan  1 (tie) 


SWIMMING 

Women 

100-M«ter  Backstroke:  1,  He  Clhona  China 
1:0071;  Z La  Bln.  China  1:00.97;  3,  Mlkt  No- 
kaa  Japan.  1:03.12. 

400-Meter  Freestyle:  l,  Zhou  Guanbin, 
4:0X40;  X Yang  Attnia.  China,  4:1X17;  XSuzu 
Chta,  Japan.  4:1544. 

400-Meter  Freestyle  Relay:  1.  Chino  (Shan 
Ylna  Le  Yta,  Le  JlnsvL  Lu  Bin),  3.4375;  % 
Japan  (SumikaMirMmotaNooko  imrta  Erl 
YemanaL  Sunt  Chiba),  3:4641 ; 1 Hang  Kang 
(Lou  King  Ting  Katie,  No  Gar  Lac  Fenealla 
Lee  Ylng  ShRi  Vlvkm.  Lamsam  Robvn 
Claire),  3:5434. 

Men 

108  Meter  Freestyle:  1,  YukMro  Matsu- 
shlla,japcev51J)9;XSerguel  Borlmenka  Ka- 
zakhstan. 5124;  x Alexei  Egorov,  Kazakh- 
stmuSlTB. 

280-Meter  Backstroke:  1,  Jl  Song-loan, 
South  Korea  2:0045;  Z Halimc  rtoL  Japan. 
2.-0134;  X Ryull  HertL  Japan.  2:0144. 

TENNIS 
Men's  Team 
SemHtnais 
India  X Malaysia  • 

As  It  ismali  def.  Ramochondron  Romalah. 
4-1, 7-5;  Leander  Poes  def.  Adam  Abdul  Malik, 
UM:  Zecshan  All  Svod  and  Gaurav  Nate- 
kardef.WItsam  Klmhual  Khooand  Romotah, 
6-1,  4-4. 

Indonesia  Z Japan  1 

Suwanrt,  Indonesia  Oef.  GataH  Motomura, 
Japon.2-4. 6-19-7;  Benny  Wllava  Indonesia 
def.  Yasutaiml  Yamamoto,  Japan,  7-4  f7-2),3- 
6. 6-3;  SatoshJ  inabucM  and  Rvusa  Tsultna 
Japan,  det  Wlrynwan  Saul  harts  and  Danny 
5usetta  Indonesia  4-2.  4-4 


VOLLEYBALL 

women 

South  Korea  art.  Mongolia.  15-0.  15-3.  754). 
Japan  def.  Thailand.  15-1, 15-1 15-4. 

China  def.  Taiwan.  15-9, 15-9,  is* 


SMCHoeram  FMM:  1, Zhang  Xk»li.CMfM^ 
107S-13XB-237S;  Z Chen  StaMhlh,  Taiwan. 
1073-122^— 2304;  XKhorrrataOwiporn.  Thai  i - 
land.  925-117^-2100. 


. % 


GRECO-ROMAN  WRESTLING 
48  KDoenun*  } , 

Gold  Medal  — Sim  Kwmvha  South  Korea 
del  Razo  Almkhah  AsR.'irtm.  84);  BrOMN 
Medal  — Ruslan  Gebekoa  Kyrgyzstan,  def. 
Gairatoulla  Abdaullaev,  Uzbek  Man.  44L 


OverBMOtegran  Real:  ),u  Yafuon 


na  MSB-USB— MOuO;  2,  Chen  HtfooHlen, ' 
wan.  9SJ>-lT3A-mo.-  3,  BbarN  Singh,  IndM 
*25-1t7J— at#A 


57  KDogroms 

OoM  Medal — lourt  MehiHctienka  Kazakh- 
stan. del  Sheno  Zetfon.  China  34;  Browse 
Medal— Lee  Tae-na South  Korea det.Shahr- 
for  Saieby.  Iran.  3-0. 

48  Kilograms 

bom  Medal—  idm  Young-H. South  Korea 
del  Grtgarf  Pulvuev,  Uzbekistan.  3-1;  Bronze 
Medal  — Tokurrrf  MarL  Japan,  def.  MefxO 
Sadegnpaur.  Iron,  3-1. 

82  KHograms 

Gold  Medal  — Daoulet  TaMflykhanou.  Ko- 
znklwtan,  def.  Raatbefc  Sanattxicv,  Kvrgyz- 
stan7-0;  Bronze  Medal  — Kim  Yeoneoa 
South  Korea  def.  Arash  Moatamedl,  Iron.  54 
Me  Knograms 

GaM  Medal  — Sang  SungJL  Sooth  Korea 
def.  Vitalii  Lefidne.  Kazakhstan.  44);  Bronze 
Medal  — Takastil  Nonomura  Japan,  def. 
Jaber  Abbas  Zodeh  Movaghar.  iron,  2-1 

UfmlenBnBB 

■WBII1BIIII 

Women 

74-KBagram  Ftaf:  1,  Hua  Ja  China  10X0- 
127.5—2325;  2,  Kuml  Haseba  Japan,  87 S-. 
1204 — 2074;  X Lifi  Yo-chlng,  Taiwan.  904- 
11X5-00X1 


Medals Table 


China 

Japan 

south  Korea 
Kazakhstan 
Taiwan 
Iran 
Syria 
Indonesia 
Thailand 
Vietnam 
India 


DENNIS  THE  MENACE 


PEANUTS 


CALVIN  AND  HOBBES 


Kuwait 

0 

I 

1 

i.'Me, 

Kyrgyzstan 

0 

1 

1 

“■  ■ 

Saudi  Arabia 

0 

1 

1 

2 ;fi-  '.V 

Uzbekistan 

• 

1 

• 

5 #. 

.Malaysia 

0 

0 

Xr  -S.  ” 

Brunei. 

0 

0 

2 

f ff 

Philippine* 

0 

0 

2 

J'  - 

Burma 

8 

B 

1 

t : " 

Hang  Kang 

e 

0 

1 

If 

Macao 

Nepal 

D 

0 

0 

a 

1 

1 

Singapore 

0 

s 

1 

.jfJ' 

TallkWan 

0 

0 

1 

r 

UAt 

0 

0 

1 

*>  * ** 

r| 

,l  DEAR  CHARLIE,  THIS 
15  TOUR  PEN  PAL 
FROM  SCOTLAND.." 


* I WOULD  HAVE 
WRITTEN  SOONER, 
BUT  I HAVE  THIRTY 
OTHER  PEN  PALS,  AND.." 

nr 


THIRTY? 


r I THOUGHT  YuFE'5  LE550N 
I U)A5  THE  / NUMBER 
ONLY  ONE!  f FOUR  THOUSAND 
AND  FIFTY., 


lit 


iV 


G«t  off  +h« 
swing  or  111 
punch  four 
lights  out. 


soao  f bow  row.  vwek  ik  C 

4 V 


SUCCESSFUL  and  UAPP^, 
-AN 0 HE'S  IN  PRISON- 
I HOPE  I‘M  NOT  TCO  , 
MATURE  TO  GLOAT.  < 

" — r— 


GARFIELD 


ti- 


*B)>,  A GUN'COIAD  REALLY  FEEL  AT  HOME  HERE.* 


UnuMkMilMMM, 
era  warto  mb  apsn.  IB  im 
KUSdeyaMi 


i 

mm 

■ 1 1 

RBTE  1 

u m 


■asTSmi 


LI 


MM! 

WIZARD  of  ID 


BEETLE  BAILEY 


SAR©E,  IF  X WERE  YOU 

I'D  60  TO  THE  GENERAL 

AND  DEMAND  TO  BE 

PXOHOTEPf 


mNdnnpwadUl  ..  . 

tan  Be  up4M  Hnec  es  «ug- 


fl«Md  By  »■  tame  csem. 


'eetimm 


JuMiK  MWTV  1WLL  JUOOLC  SNJLI1C 
Dm  kwMg  Mhn  «md  In  Ike 
UHOnrae-  kTPTOFWKiS- 


For  investment1 
information 

Read 

the  MONEY  REPORT 
every  Saturday 
in  the  IHT 


•a 


- 

— 13 


■-Y  1 


4» 


r-n 


S211 


} U/ 


K SP<  >1{  | s 

lk$\Jjchme$e 

Ire  'Clean,  ’ 

" Samaranch 
JtMeUeves 


INTERNATIONAL  herald  TRIBUNE,  TOURSDAY,  OCTOBER  6, 199+ 


Page  19 


\\  '*  HIROSHIMA,  Japan  — 
' ..'  •,i!‘;??>.|uan  Antonio  Samaranch,  ihe 
'v . president  of  the  International 
• . Olympic  Committee,  came 
V ; ^trongjy  to  fee  defense  of  Chi- 
■Ip:~7r.lvna*s  world-record  athletes  on 
■ i ; Wednesday,  saying  that  they 

■ ~L  •-;]  ,did  hot  take  drugs  and  that 
v.^port  in  China  was  “very 
,r^lean." 

* After  fee  first  two  fuO  days  of 


‘ : ^■■Available  on  Tuesday  alone. 

" Samaranch  stud  he  was  not 

■-O  w - Worised  that  a nation  with  1.3 
■ _ ” ’ ^ people  would  reach  fee 

’ ■ • - ■ - ‘„V 1 vOp'ranks  of  international  spoil. 

“I’m  sure  Chinese  sport  is 
; .,'^-it‘/ery  clean,”  Samaranch  said 
<\  asked  whether  drugs  were 

^ ^behind  fee  success  of  China's 
' - f ;’weightlifters,  who  swept  fee 

•„x  ■’•  '•nine  women’s  weightlifting  di- 

r »,# . - visions,  and  dramatic  world  re- 

-T.’-*  esi  ihords  set  by  China’s  women 
.•  . . ‘ swimmers  and  nriddle-distanoe 
V ‘ Scunners  earlier  this  year. 

• • ’ v:‘rP':;  China's  worid  record-break- 
.'  'i-'mg  women  swimmers  and  mid- 
dle-distance runners  have  also 
...  " ^encountered  suspicion  from 
” ‘A.*  some  Western  coaches. 

,”t.  "r”;  “t*--  But  Samaranch,  in  Hiroshi- 
^'toa  to  attend  the  Asian  Games, 
. vowed  there  would  be  no  letup 
irp.^fe  the  campaign  by  fee  IOC  to 


anch  said  the  turnaround  in  the 
IOCs  campaign  against  drug 
. . ' jv  use  was  in.  1988  when  the  world 

• „ . “rc:  <-sprint  champion,  Beo  Johnson, 
. • I'-i,  • suspended. 

“The  war  is  not  over,  but  we 
’ . r ''have  won  many,  many  battles,” 

‘ he  said. 

'•  cj  - vj-  The  head  of  fee  International 
WeightKftmg  Federation  also 
lV  * • * ■:  i^bad  given  China’s  competitors  a 
~~  clean  bill  of  health. 

Samaranch  welcomed  easing 
~ ~f  certain  United  Nations  sanc- 

'JcSfe  on  Serbia  and  Montene- 
gro and  said  their  athletes  could 
„„ , now  compete  in  international 

^ ■ '.sporL  (AP,  Reuters) 

:•»  M ...  The  organizers  of  fee  Asian 
• ■*=  -■  r , Games  sharply  criticized  Tbai- 
" ' ■ -tv"-«land  on  Wednesday  for  poor 
progress  on  staging  the  next 


South  Korea  Wins  6 Gold  Medals 


Pm*  Games  record  of  U10,  breaking  fee  eight- 

HiROSHIMA,  Japan  — South  Korea  year-old  mark  of  1 .280.  Hendro  Praiono  of 
burst  into  the  Asian  Games  gold  medals  Indonesia  was  second  with  1,292. 
column  Wednesday  with  three  wrestling  Taiwan  had  returned  to  the  Asian 
triumphs  and  victories  in  swimming,  fenc-  Games  in  1 990  after  being  kepi  out  for  20 
mg  and  bowling,  years  in  a dispute  wife  China. 

Its  bowling  winner  missed  a perfect  Ji  Sang  Joon  of  South  Korea  broke  the 
game  by  one  pin.  monopoly  on  gold  by  China  and  Japan  as 

China  padded  its  lead  in  medals  slightly,  he  won  fee  men's  200-meter  backstroke  in 
but  its  eight  golds  for  the  day  were  only  2 minutes.  0.65  seconds,  breaking  the 
slightly  ahead  of  South  Korea’s  six  and.  Games  record  of  2:03.59.  Japan's  Hajime 
Japan’s  five.  It  completed  a clean  sweep  of  Itoi  was  second  in  2:0 1 .34. 


the  nine  women’s  weightlifting  divisions, 
but  slowed  its  world  record-breaking  pace. 

That  left  China  with  a total  of  28  gold 
medals  to  13  for  Japan.  South  Korea,  shut 
out  for  fee  first  two  full  days  of  Games' 
competition,  is  trying  to  overtake  fee  Japa- 
nese and  repeat  its  second-place  finish  of 
fee  last  Games  in  1990. 

Taiwan  won  its  first  Asian  Games  gold 
in  24  years,  also  in  bowling,  and  Kazakh- 
stan, a newcomer  to  fee  Gaines,  picked  up 
its  first  two  golds,  in  wrestling. 

The  Chinese  also  added  the  men’s  and 
women’s  all-round  gymnastics  titles  to  the 
team  victories  they  had  won  earlier,  and 
won  three  of  the  day’s  five  swimming 
races,  all  in  Gaines  or  Asian  record  times. 

In  bowling.  South  Korea’s  Kim  Sook 
Young  railed  a near-perfect  299  in  fee  fifth 
of  her  six  games  as  she  took  the  gold  wife 
1.347  pins,  smashing  fee  Asian  Games 
record  of  1,270  set  in  1978.  The  silver 
medalist,  Noriko  Inauchi  of  Japan,  was 
121  pins  behind. 

In  fee  men's  singles  earlier,  Lin  Han- 
chen  of  Taiwan  took  the  title  and  set  a 


Japan  won  its  second  swimming  gold  of 
fee  Asian  Games  when  Yukihiro  Matsu- 
shita edged  Kazakhstan's  Serguei  Boris- 
senko  and  Alexei  Egorov  in  fee  men’s  100- 
meter  freestyle. 

But  fee  Chinese  women  have  yet  to  lose 
a swimming  race.  They  raised  China's  total 
to  11  in  14  events  as  He  Cibong  beat 
teammate  Lu  Bin  in  fee  100-meter  back- 
stroke, Zhou  Guanbin  oulswam  teammate 
Yang  Aibua  in  fee  400-meter  freestyle  and 
China  left  Japan  more  than  three  seconds 
behind  in  fee  400-meter  freestyle  relay. 

China  also  was  expected  to  sweep  all 
four  diving  golds.  For  fee  last  two  events, 
fee  world  champion  Tan  Shuping  and  Fu 
Mingxia  led  qualifying  for  fee  women's 
three-meter  springboard  event,  and  the 
1992  Olympic  champion.  Sun  Shuwei.  and 
Xiao  Hailiang  were  fee  top  qualifiers  in 
men's  platform  diving. 

The  Chinese  yielded  only  one  medal — a 
bronze  to  Japan  — in  fee  men's  and  wom- 
en’s individual  all-round  gymnastics.  Qiao 
Ya,  Yuan  Kexia  and  Mo  Huilan  were  1-2-3 
for  the  women.  Li  Xiaoshuang  and  Huang 


Liping  finished  ahead  of  Yoshiaki  Haia* 
keda  of  Japan  in  the  men's  event. 

In  weightlifting,  Zhang  Xiaoli  was  the 
only  world  record-breaker  Wednesday.  In 
fee  83-kilogram  class,  her  237.5-kilogram 
(523-pound)  loral  broke  fee  mark  or  23l) 
kilograms,  set  by  Chen  Shu-chih  of  Taiwan 
in  last  year's  world  championships.  Chen 
matched  that  230  and  look  fee  silver. 

Wife  that,  China  ended  fee  women's 
weightlifting  with  six  world  records  in  nine 
events. 

Other  Chinese  winners  Wednesday  were 
Hua  Ju  at  76  kilograms  and  the  world 
champion  Li  Yajuan  in  the  over  83-kilo- 
gram class.  Li’s  total  of  240  was  well  below 
her  own  world  record  of  260. 

For  South  Korea's  Greco-Roman  wres- 
tling golds,  Sim  Kwon  Ho  beat  Reza 
Aimkhah  Asii  of  Iran  at  48  kilograms.  Kim 
Young  11  defeated  Grigori  Pulyaev  of  Uz- 
bekistan at  68  kilograms,  and  Song  Sung  II 
downed  Vitalii  Leikine  of  Kazakhstan  at 
100  kilograms. 

Kazakhstan  won  the  other  two  wrestling 
golds  Wednesday,  louri  Melnitchenko 
beat  Sheng  Zetian  of  China  at  5 7 kilo- 
grams. and  Daoulct  Tourlykhanov  dcci- 
sioned  Raatbek  Sanathaev  or  Kyrgyzstan 
at  82  kilograms. 

South  Korea  also  won  the  top  two  places 
in  men’s  saber  fencing,  wife  Kim  Sang 
Wook  edging  teammate  Lee  Hyo  Kun.  15- 
13.  in  the  final. 

Japan  swept  fee  day’s  three  gold  medals 
in  its  native  fighting  sport  of  karate,  and 
won  its  second  equestrian  gold  of  the 
Games. 


s 

I 

V. 

f : 


INTERNATIONAL  CLASSIFIED 


RSHMG  LODGE  M NOVA  SCOTIA 
finds,  dona,  hfaa  bed  corpords 
i effect  TeCfrOWTOS. 

BUSINESS  SERVICES 


Smumi  Takabuhi' Rones 

Li  Xtaoshuang  of  China,  on  the  parallel  bars,  won  the  men’s  all-around  gymnastics  event.  1 

Games  in  1998  and  expressed  hension  regarding  the  security,  to  the  1966,  1970  and  1978 1 
concern  over  Bangkok’s  not o-  pollution,  traffic  congestion  games,  so  far  has  been  slow  to 
rious  traffic  jams.  The  Associ-  and  communication  wife  the  build  new  stadiums  and  other 
ated  Press  reported  from  Hiro-  OCA."  facilities  in  and  around  Bang- 

shim  a.  The  staging  of  an  Asiad  has  kok. 

Meeting  during  the  12th  become  a task  of  almost  Olym-  While  fee  facilities  may  still 
Asian  Games,  the  Olympic  pian  proportions.  Nearly  5,000  be  built  on  time,  it  is  almost 
Council  of  Asia  said  Thai  an-  athletes  from  42  nations  and  certain  that  fee  traffic  problems 
thorities  had  made  no  progress  territories  are  taking  part  at  fee  will  not  be  solved  by  1998. 
m the  construction  of  an  infra-  Hiroshima  Games.  There  is  Despite  more  than  two  de- 
structure for  fee  Games.  competition  at  world-class  fa-  cades  of  planning  and  wran- 


INTERNATIONAL 

RECRUITMENT 

Appears  on  Page  8 


structure  for  the  Games. 


MOVING 


The.  council’s  15-member  cilities  in  34  sports. 


will  not  be  solved  by  1998. 

Despite  more  than  two  de- 
cades of  planning  and  wran- 
gling, work  on  a mass  transport 


board  also  expressed  “appre-  - But  Thailand,  which  was  host  system  has  yet  to  begin 


M*ij*>*  :*wc 


Scots  Hoping  to  Repay  Paraguay  in  Dunhill  Golf 


v Roam 

, - ST.  ANDREWS,  Scotland  — Scotland 
was  given  an  opportunity  Wednesday  to 
avenge  one  of  its  most  ignominious  golfing 
! disasters  when  it  drew  Paraguay  in  fee 
Dunhill  Cup  team  championship. 

‘ Paraguay  pulled  off  one  of  golfs  big 
upsets  on  fee  opening  day  a year  ago  when 
■ ft  defeated  Scotland,  2-1 . and  the  Scots  will 
get  a chance  far  <prick  revenge  as  thtty  face 
fee  South  Americans  on  Thursday. 

The  Scottish  team,  seeded  sixth,  is  again 
led  by  Europe's  No.  1,  Colin  Montgom- 
erie, who  lost  his  individual  match  to  Raul 
Fretes  last  year.  His  teammates  are  Gor- 
don Brand  Jr.,  back  from  last  year  when  he 
--won  his  battle  against  Angel  Franco,  3nd  a 
newcomer,  Andrew  Coltart 

• Sac  Paraguayan  team  is  fee  same  as  last 
•*  ,ye^,  wife  Oiios  Franco,  Angel's  brother. 

founding  out  the  team  which  finished  sec- 
ond in  its  group  as  a rank  outsider. 

; Zimbabwe  and  South  Africa,  seeded 
second  and  third,  could  set  up  an  intrigu- 
ing semifinal  battle  if  they  win  their 
groups. 

• Zimbabwe  is  lead  bv  fee  world  No.  1, 
Nick  Price,  the  British  Open  and  U.S. 


PGA  champion,  who  failed  to  win  a match 
in  three  attempts  last  year. 

He  and  his  teammates,  Mark  McNulty 
and  Tony  Johnstone,  face  unseeded  Ger- 
many, led  by  Bernhard  Langer.  in  their 
first  match.  Seventh-seeded  Sweden  and 
Canada  complete  fee  group. 

South  Africa  is  expected  to  win  fee 
group  containing  Scotland,  Paraguay  and 
Taiwan,  its  first-round  opponent. 

But  much  will  depend  on  fee  form  and 
mental  state  of  Ernie  Els,  fee  U.S.  Open 
champion,  who  lost  a playoff  to  Seve  Bal- 
lesteros at  the  German  Masters  on  Mon- 


players: Fred  Couples.  Tom  Kite  and  Cur- 
tis Strange.  Couples  played  on  last  year's 
winning  team;  Kite  and  Strange.’ both 
drafted  late  to  play  this  year,  were  on  fee 
victorious  team  in  1989. 

The  Americans  play  eighth-seeded  New 
Zealand,  Japan  and  Ireland  in  their  group. 

Greg  Norman  returns  from  a six-week 
break  caused  by  an  operation  to  lead 
Australia,  seeded  second.  Norman.  39, 
played  in  fee  first  two  Dunhill  Cup- win- 
ning teams  in  1985  and  1986. 

He  is  supported  by  Steve  Elkiagton, 
fresh  from  victory  in  fee  Southern  Open  cm 
Sunday,  and  Robert  Allenby  for  matches 


A.OS.PAHS  03-11  4080304) 
AOS.  LONDON  ULei)  961  7595 
A-GlS.  MUSSES  P2-2)  52*  25  08 
A.GJ5.  BEKJN  WXfl  <21  28  65 
A.&5.  MADR8jJ34-*9]  2649  71 
A. OL  KJnAPBTp6.ll  163  tO  SO 
KGS.  PRAGUE  (04  685  7716 
KGS.  WARSAW  |4&22)  562  555 


ANNOUNCEMENTS 

Attention  visitors 
from  the  U.S. ! 


TEST  SUkMNA  Warted  tmmam 
to  attend  kit7  movie  event  in  Are  on  , 
OCT  12th.  CdIMidiel  (114326  2626.  I 


BUSINESS 

OPPORTUNITIES 


OFFSHORE  COMPANIES 

* 750  READY  MADE  COft^ANES 
' BAIRt  (NIROODCTtOMS 

* ACCOUNTING,  LEGAL  & ADMIN 

■ LC«  AND  TRADE  DOCUMENTATION 

* TBBHC»<&MNl  FORWASONG 

Tdepfane  or  fa*  for  nuneJi*  serace 
and  100  page  odour  brochure 

OCRA  ASIA  UMtTHJ 
24-02  B9*  of  America  Tower 
Hacourt  Rood.  KoraKong 
T*  4852  522)172 
far  48S2S71190 


OFF5HORE  COMPANR5 

* free  professoral  coreuitwons 

• Wcridwide  reaportPiorc. 


Save  on 
International 
Phone  Calls 

Save  50%  and  more  coergar ed 
lo  local  ptwme  companies 
Crf  from  home,  office,  ar- 
even  homh  (end  avod 
lur  charges}.  Ondc  or  ram 
for  ary  courfnet  aid  see  how 
you  can  start  nmng  today. 

CaU  us  now  and  well 
ad  you  right  back! 

Tel  1-206-284-8600 
Pax  1-206-282-6666 

limofcn24  ha«v 


FINANCIAL  SERVICES 

NEVBt  SPBO  YOUR  OWN  MONEY  I 
to  make  money)  All  you  need  n ct*t . 
ONE  bant  letter  (with  guoantee 
aualuble  for  everyone1).  Mo*  ri  to  ihe 
red  lender,  [No  Banks  1 fated  in  Uw 
156  page  nude  wtth  Ytl  fo,  name 

ad  fACTSTGUiK  OPDER.  MBC  fa^ 
#322  2 2250 W2 


REAL  ESTATE 
FOR  SALE 

CYPRUS 

M P1ATRE5  VttLA.  dmc « V acres. , 
enirance  ifeouqh  gro.c  C'Tju:  . 
C500,000  fo^97?-:  235015 

GREAT  BRITAIN 

Excs>naNAL  orm  - re&kxd 
louden  mews  house  hear  BelfFowa 
lane  recepbon,  fitted  Ifthen.  2 
doiae  bedrooms,  dreswig  roam.  1 
bafhrootr,  entity  roam  4 
Gacigc  4 tuuu  On  and  layout  - 
good! fight  Awdable  nsmcdUriy. 
S^CUTdt  **  71  235  2272  ) 

PARIS  X SUBURBS 


AGBKE  CHAMPS  ELYSES 

zpeaaksts  in  furashed  aparrments. 
reudenud  areas,  3 mavhs  and  more 


Wltfl 


25  32  25 

63  37  09 


BOWOGMEBOB 

Home,  er*ehr  renovated.  6 rooms, 
bedvoorra,  fined  basemeK.  ymu 


2 batfroofTK,  fitt 
gorifcfi,  ^iiikIiIi 


boseroeot.  wnfer 
fax.  300  sqm. 


: ' * , „ _ gown,  wiwa,  gctfaoc.  aaj  sqm 

kallhaclc 


day  after  leading  fee  event  all  fee  way  until  against  fifth-seeded  England  — without 
a bogey  at  fee  final  hole.  Nick  Faldo  — France  and  Spain. 


The  United  States,  fee  defending  cham- 
pion, which  has  won  two  of  fee  previous 
nine  events,  is  seeded  first  based  on  fee 
cumulative  world  rankings  of  its  three 


Nick  Faldo  — France  and  Spain. 

The  Spaniards  are  lacking  fee  U.S.  Mas- 
ters champion,  Jose-Maria  Olazibal,  and 
Ballesteros,  both  of  whom  declined  to 
play. 


ff  you  enjoy  reodng  the  IHT 
when  you  travel,  why  not 
also  gef  it  of  home  ? 
Same-day  delivery  available 
in  key  US.  a'fies. 

CaU  m 800  882  2884 

(fa  NrwTorfc  cdL2T2  752  3890) 

tfrralb^s|g££ribunr 


For  investment  information 

Read  THE  MONEY  REPORT 
every  Saturday  in  the  IHT 


ALCOHOUCS  ANONYMOUS  Encfoh 
seating  imelmp  ftofly.  Teh  PARS 
$46^4  59  £ ROME  678  0320, 

FRAJrKflJBT  597055 

A1D81  The  fined  Amricai  shoes. 
Avnfafale  a!  WBN88KJ,  (he  IsaSrm 
men*  flora  in  ZUSGt  Behnhofsn.  II 

Pha*  D1-2T1  29  50. 

FB9MB  toW?  — having  p reUrnff 
SOS  HEP  cnsjJfie  n tgfah.  3 fun.- 
11  am.  T«b  Pbrs  m 47  mo  80. 


■ Pul  corWenmi  wvicn 

■ London  repremnwive 

■ Ful  akmaraton  services 

ASTON  COCORATE  TRUSTHS ITD 

19,  JW  Root  Dowfas.  We  of  Man 
Tsfc  0624  626591  fe.  0621  635126 


ONSHORE  COMMNES  A RANKMG 

• FREE  Brochure  & Adnce 

• Sheff  Compcnes  UC  A Worldwefa 

• Nominee  Monagemert  & Office 
’ Bankma  Accnurtmcy  ft  Tar 

• VAT  AAom  ft  Refuni 


186  Hemmeismih  Rd  London  W6  7DJ 
Tet  44  81  741  1224  Far  44  81  746  6558 

□A55  AUNK  in  to  free  veiue  wftfi 
afajioiiurtvc  tennoes  and  enobfahed 
boebna  ottd  xcunhcs  occnuM-  US 
550  .QCC  hnereefiate  nasfa.  Col 
Canada  (£04)  942-6W  or  Fn»J6W5 
W7-3179  071  394  5157  jr 

FAX  071  231  9928. 

COMMERCIAL/ BUSUCSS  FINANCE 
ovoiabie  far  any  vicHe  projects 
mx Idupde.  Fas  brmf  synapn  m 
Enflfah  (o  Corporate  Adnonces,  44- 
7101300.  Ouora  Refi  T1 


419  Second  Avenue  Wesl 
Seaite.WAVen^USA 


HONGKONG 
COMPANIES  US  $350 

Operate  your  do  fax  or 
tom  ter  eerapony  fraa  fan 
beemoa  contra  of  Aria 

SOVBSCN  TRUST  INTERNATIONAL 
4066.  Beregrme  Tower.  Lrppo  Cetere. 
W Qwwtsvioy,  Hong  Yjjiq 
TEL  4 652  868  2244 
FAX;  + 852  868  5995 

CAPITAL  AVAILABLE 


FUNDS  AVABABIE 

FOR 

AU  BUSINESS  PROJECTS 
OR  FOR 

LETTERS  OF  CESXT 
BANK  GUARANTY, 
OTH®  ACCBTAffif  COLLATERAL 

Brofar's  cienneuon  guapntetd 

MotMon  MJPJCBl  ft  Cm 
RNANdAL  WSTITUTION 
Broneb  - B&GftlM 


7*t,  CHAMP  DE  MARS,  VCW  ON 
EfFEt  TOWER,  urn.  5m  floor,  lift, 
bnng  room,  dmmg  room,  tope 
LtfcKan.  3 bedrotxm.  2 bathrooms  let 
n|4501  27  67 

SWITZERLAND 

prv  LAKE  GEKEYA  & 
M MOUffWIN  RESORTS 

5N o to  faefaw  toftewd 
mr<pn%  tioco  1975 

•elect  fWfsnS  ft  CJ4A1IT5 
m MONIREUX,  mARS.  GSTAAD. 
LB  DtABLEfETS,  VBBBE8, 


AT  HOME  M PAMS 

PAMS  PROMO 

aporfiMnii  to  rart  fumjhed  or  nrt 
Sato  ft  Property  MamaMiteM  Scnncei 
25  A,  HodWSXM  IWto  145611020 

Tel:  (1)  45  63  25  60 

74  CHAMPS  KYSOS 

CLABIDGE 

FOR  1 west  OR  MORE  hgh  daa 
llwto.  2 or  3-roon  apatraens.  FULLY 
EQUIPPED.  IMMEDIATE] NERVATIONS 
Teh  (1)44  13  33  33 

92.  NHJIUX  80  D'ARGBGON 

UnaxiOia  129  jqjn.  bvma  loom.  2 
bedroom.  2 hotte.  FI  9.000  LAMY 
T«L  11]  40  » IB  84. 


ISM.  NEAR  BREL  TOWER,  aperb 
to.  * room,  Lu*/  equ-pped.  110 
jam,  fifafi  dm  bu*ing.  Mnrnum  1 

yta.  nsmo'momt  Ttf  UFOS  8838 
BOULOGNE  3<oom  opertmert.  F8.400 
+ cbar0H.  SEVRES.  Sroo n tor 
F9.400  4 chotoet.  Owner  14829714 
PARIS  - l A DEFENSE. 
luxurious  2-roQffl  hmtfvd  upuilnrenr 
far  rent  Tefc  OQT  111  47.473630, 
LATIN  QUARTER,  2 -toot  flat  m 
townhouse,  erlry.  btdien,  bartx  wwh- 
«nw.  heat  Tet  Qnner  1 -43  54  65  6°. 
IARl  TRQCADERO,  hmmoui  fivna  1 
bedrocm,  60  *m,  fiinfoce.  irarhle 
barfiroom.  F11J 


nu.  fiicdoce.  iK»hle 
0 net.  t51-42561867 


.IljI  MOUNTAIN  RESORTS 

mg  charges,  Tel  146  33  05  13 

Stdt  to  fbeuiei  tMriharimi  — — ■■■■■■  ■ 

" MONTMARTRE  - PLACE  DO  1H0W 

* ,oom-  « fPr^M  ncixFng 
S S"4*  dn»q«-  TeL  [11  *5  54  97  20 

mniMR  w 7m  ran  |a2(  mIa  j 1 4 "■  ■■■  


Sion  by  fan  32-2-534  02  77 
or  32-2-53S  47  9) 

THiX  20277 


October  14.  1994. 


CROSSWORD 


: ACROSS 

•i  Buicfier’shoi* 
;s  Exam  for  H S. 

. jrs 


e Make  nuts 
*4  — b/eve  12'2 
time) 

is  Aunt  Millie's 
competitor 


' /UXHAAJRUNES 

[ — TOD'tL  l«Vi  Tpf  «fii  W(  Fir — ■ 

■ DESTINATIONS  QUIZ 


£-.*&  ■ 


Jr"  T % 
Mji,  ; i-Jt/M 

r. hit  - ■ v. 


■ -4  * 

j ••••••  "* 


i : WIN  FIRST  CLASS  TICKETS! 

i ; BfiCWS  MONDAY, 

^M**^*y  % * 0C1WER18,19M 

| L 


is  Had  something 
wrong 

17  -When  Worlds 
Collide- 
producer 
16  Knigbl  spOI° 

20  Eddying 
ai  Take  ihe  bus 
3a  Sweet  spud 
24  Argo  endmg 
jrs  wnere  ro  get 
plastered'7 
as  Forsake 
at  "Cosby  Show- 
CO-Star 

34  Winter  bug 

35  Hale  with  a 
passion 

37  most  Jay 

36  Rock  groups 
46  Reduce  ihe 

tare? 

41  Runs  into 
4*  “ partridge 

43  Levy 

45  Peppermint 
Twister  Joey 

46  Yellowstone 
attraction 

46  A monih  of 

so  Unearthly 

92  Harbor  boats 

93  Symbol  of 
sovereignty 

ssQuanhco  initials 
57  File 

si  Man  of  morals 
S3  Longtime  Pirate 

pitcher 

66  Lost  one’s 
balance9 

s6  Peter  Gunn's 
tady 

67  Capital  of 
Yemen 

68  Shadings 


60  Split 

70  -Enterpnse" 
Journey 


1 1nfatuated 

2 Pub  round 

3 Go  with  it 

4 A Lirtle  Rascal 

5 Musical  intro 
s Enervate 

7 Seaweed 
substance 

8 Haarlem 
bloomer 

9 Tourist's  tote 

10  Inlet 

11  “Brat  pack* 
actress 

12  Epsilon  loitower 
« Holland  export 
is  Some  pianos 
z2  Move  like  a 

dragonfly 

29  Indian  icon 

27  South  Seas  site 
2a  Out  in  Lha  cold 

29*Bamaby 
Jones*  star 

30  Tide  types 

32  Starts  the  pot 

33  PiU  allotment 

34  OH)  Glory 
36  Substantial 
30  Let  up 

41  Civil-nghis 
leader  Evers 

43  Flower  of  one's 
eye9 

44  Extinguished 
47  Hits  Ihe  CBiImg 
49  Shortstop’s  stat 

si  Barbecue 
leftover 


BINDS  AVAILABLE 
AGAINST 

• letters  of  Qt& 

• Bari  OhSart'cra 

• Ofaer  Aractatfa  CoB»wd 

• Boded  by  mvato  Investors 

THRU  MAJOR  NTT.  BANKS 

F5  FINANCIAL  SUPPORT  SA 


roono,  SFr.  200.000  to  3 J mfa  . 
REV  AC  SA  ! 

S3.  MonfaHBmt.  CH-121 1 Ohm  2 . 
Tal  4122-734  IS  40.  fax  734  12  20 

REAL  ESTATE 
TO  RENT/SHARE 

PAWS  AREA  FURNISHED 


CAHTAtf  > PAXTNBB 
Handprdwd  qxfty  apartmoob, 
ofl  foes.  Fas  and  nfourbs 
Tel  1-4614  *211.  Fax  1-4772  3094 


Embassy  Service 
YOUR  REAL  STATE 
AGENT  ft  PARIS 
Teh  (!)  47.20.30.05 

UNITING  RAN5HED  AFARTMWTS 
r>  17th  rarvfury  butong.  no a RBI  le 
Vbmcl « SartouuSfa.  From  4 dcwi  to 
6 months.  Studas.  2 room,  3 rooms. 
TdL  1-30  *6  23  00.  far  1-30  86  23  30 


6fo  RUE  JACOE,  superb  Mxdrcam 
Mar,  refined  deaxohon.  earned 
Vedwn.  rejMO  TeL  \\\  4551. 135V 

LEGAL  SERVICES 

90  TRAVa  DOOIMNS.  tawl  n- 
mowmre  Free  detaij  ham  TSA,  Box 
742,  Dana  Port.  CA  92629.  Tel.  714- 
647-2476  or  Fa.:  71*4966567  USA. 

LOW  COST  FUGHTS 

WORLD  AVIAnON  - SCMBXJLH3 
RIGHTS  1b,  btsrass,  ecorcray  at 
lartfl  lacs,  let  IFT  Font  HI  47551313 


ANTHONY  OUNf  I BN5T  HKH5 
BocA  Portfafco.  lowed  edbon, 
Excepbonal  price.  Fa»  147  47  16  57 

EDUCATION 

FRENCH  MADE  EASY  Pans  5«H  SmoS 
graKB,  conimrtnxion  sUb.  *ht>«A 
n.MO/mo.  1-433^6106  lit  town  free 


x HcraIb^;Ertimnc 

COW1RMAHE  DRAFTS  PLANNING TO  RUNA  CLASSIFIED  AD? 


BACKS)  BY  CASH 

• toted  Xi  Your  Name 

• Crxiftmed  by  Mq or  Inti  Bata 
to  Prove  AvaUdiy  of  Funds 

• Baebd  by  Fmae  fiwestor* 


i T-" 


Max  Ferrero.  Tel/Fax;  C33*  91  95  14  04 
or  ihe  Iniematiortal  Herald  Tribune  in  Paris; 
Tel.:  (1)  46  37  93  85  - Fax;  O ) 46  37  93  70 


■BacWb^Les** 

SicAHTAL  SUFPORT  CORP.  gb»wnymkt«a& c mml 

US.  PM)  737-1020  Ft*  757-1270 
Fat  (0691 72  73  10 


tafa  b*  BWwrd  Sifafafa 

© Sew  York  Times/ Edited  bv  BTril  Sbortz. 


93  Malt  drier 

94  Bank  take-back 
56  Spy  writing 

58  Bender 

59  Feminine  sufli* 
so  Neighbor  ot  Sask 
62  'A  Chorus  Line' 

finale 
64  Hopper 


Solution  to  Puzzle  of  OcL  5 


BBSS  manaoi  ggJSS 
□hdo  HEiaHn  ansa 

0Cin0B00QQG33000Ga 
001300  Q000  0HQ 

□000  003 

□nasnQsaQDQQoaa 
000  013003  fl00QO 
00D0  230000  aasa 
□□□00  □□□□□  0Q3 
O000nQiiQi3003aa0 

DQ0  000Q  _ 

□00  0OQ0  00003 
ra0O00GI0220Ha[30a0 
□□00  QQ0QQ  00D0 
ntnnra  niBHOH 


ESCORTS  & GUIDES 


BELGRAVIA 

ORCHIDS 

LONDON  FAJtS  GMVA  ZUBCH 

Escort  Aflwxy  CmM  Crash  Welcome 

UK  071  589  5237 


NTBINAVONAl  BCOSTS 

Savicp-WaHMe 

Tet  212-76S-TS96  New  York,  USA 
Ma/or  Credt  Cards  Acapttd 


CHBSA  ESCORT  SStVKL 

s,fc^1n"31^s"Swl 


” ZUSCH  ••  VIOIET  •• 
Esexi  Svm.  OeA  ewtk  aaoeptod. 
TeL  077  / 63  83  32. 


MB4F0RLADIB 

mun  agency  071  589  3070  craft  cads 

GENEVA  • OAMOOR  • FAW 
BASEL  tEscort  Agency*  022/346  00  or  . 


SWIIZBOAND  - PARES  - VBWA 

beat.  Travel  ft  tows  Service. 

Sun&Brtand  +41  M 77  72  73  30 
BMQi  / BON  / MSEL 
bcorl  5ernce 

TeL  077/88  0660,  W7/88  06  70 

SWTlZaBANDJOY.WOSlDWtt 

Escort  Agency. 

Cat  l-f-Tjf  |g7-66  26  46 

L0M3QN  - SARAH 

Escort  Service. 

TeL  081  9699415. 

•GBEYA  • QtNGB  * PAHS* 

Esnxr  Servxa 

Tet  022/731  90  31 

OftBffAL  ESCORT  SBVKE 
LOFOON 

PLEA5EPH0FC  071  225  33)4 


AMSTERDAM ‘DREAMS*  ESCORT 
Kmerdate  ft  penand  gwdK:  cal  , 
-L3im2tW<g  111  a 6*^666.  i 
M0RXB0N  OUR  - VSMA  BG0KT  I 
Setviae.  5,  fcdtfe  VlAeme4e  2a 
0222/S6  86  84. 

’••HUBS  lOICON*'* 

ESCCRTSSVICE 

FlEASE  CAU.  LOFPON  71  394  5121 
•PARIS  A LONDON* 
‘ELEGANCE* 
to  Senfae  tendon  t71)  394  $145 
***  lOttON  ESCORT  SOV1CE  *** 
*«■  “KIMBE8LEY** 

— —TR:<yi«44fil  “““ 
•‘•PRETTY  WOMAN  — 
GENEVA  box!  Service 
321  99  61  


ZURICH  ‘ 804  ‘ WORN 
NATHAliE  SenKe 
TeL  01  / 463  23  34 

FRANKFURT  A ARE 

Moras  Escort  Agency. 
ffanse  GJ  069  - 66  66. 

MUNICH’  WELCOME 
ESCORT  ft  GUK  AGENCY. 

P1EASE  CaU  C89  - 91  23  14. 
VBWA*ZUCCH<Un5*MLB4KH 
HIGH  SOCIETY  toemaford  Escort 
CbI  Vienna  + 421-53541  fc 
“FRANKFURT  •• 
ftwm  6oort  and  Gmde  Service. 
Please  coft  0161/26  32  5 72 
ZUBCH -PAMS 
Zurich  380 15  Bi  Escort  Service 
Other  ertv  dal  rt'l  1932-2-2010700 


SWnZESLAhO:  Piiv. 

W 1021)7333021 
fa>  {0311728  3091 

NORTH  AWBBCA 

NEWYOBKi 

TH  pi?)  -52-3890 
1-^5727212 

Foe  PI  2)755-8/85 


10  Kensemxi  Church  St,  London  WS 
TeL  071  TO  9136.'9133  am*  cords 


U:  1 ;,-u 


EUROCONTACTWI  Ewsri  + Travel- 
Smtcn.  Cat  Vienno  +43-1-310  6319 


MADID  HARMONY  Escort  A Gude 
Sorwcr.  Deuteh  ft  Enofah  sptoang. 
Catls  TeL  3+08^8Wg  SOTTW 

ITALY  * PARS  * COTE  EPAZU* 
•varidwiie  French  Rnnero  «ee<t  agency 
CM  tort  +39 18*  348  87 


TO  OUR  REAPERS  IN  GREECE 

It's  never  been  easier  to  subscribe  and  save. 
Just  call  today 
(1)  99-19-328  in  Athens. 


MAN  * JULIA  “•••• 

E5COTI,  GW Pi  ft  TOWEL  SBVKE 
CAU  (02)  to  54  39  DP  C33P  234  392 

•ZURICH  ■ SUSAN  ' 

Escort  Service 

TeL-  01  / 381  W ft 

FRANKFURT  KdtH  DUSSBJDORF 
all  areas.  Escort  Service 

069-4732M 

FRAMCWRT  'OKUTIVE  CLASS’ 
BCOET,  T8AV&  & EUSINSS  SaviCE 
HlASE  CAU  Q6V/597  43  38 

' • **  IAoe$<  CHOta  * * • • 
LONDONS  MALE  ESCOBT  SERVICE 
““  CAU  071  - 589  - 2387  — — 
•’SOLO  — ESCORT” 
LONDON  ~ SCOT  SSPACE 
’•  PHASE  CAUQ71  - 931 . 0233  “ 
JET  SET  ESCORT  SBTVKE 
Amwvtoj/Sdvphoirlhe  Hague. 

TeL  0653717616. 

EXECUTIVE*  • • ** 

LONDON  SCOTT  SBMCE 
TB_  071  722  5000  Cra*  Cords 


1 


139 


Tl 

m 


Page  20 


ART  BUCHWALD 


White - Collar  Leniency 


WASHINGTON  — The 
most  disappointing  aspect 
of  the  new  crime  bill  is  that 
Congress  has  not  set  aside  any 
money  to  punish  those  who 
have  committed  white-collar 
crimes. 

Since  white-collar  crime  is 
now  growing  faster  than  blue- 
collar  crime.*; 
you  would 
think  that 
some  provi- 
sions would 
have  been 
made  to  deal 
with  the  prob- 
lem. 

Stephanie 
Ross,  a white- 
collar  crime 
consultant, 
said  that  while  it  is  hoped  that 
the  new  bill  can  reduce  street 

crimes.  Congress  has  thrown  in 
the  towel  about  stopping  crimi- 
nal activity  on  Wail  Street  and 
in  various  halls  of  government. 

“Wouldn't  more  hard  prison 
time  be  a deterrent  to  white- 
collar  criminals?"  I asked. 

“The  problem  is  they  never 
get  to  prison.  The  people  wbo 
commit  white-collar  crimes  hire 

Bird  Paintings  Fetch 
£1  Million  at  Auction 

The  Associated  Press 

LONDON  — A total  of  232 
original  VicLorian  water  colors 
painted  for  John  Gould's  book 
"The  Birds  of  Great  Britain" 
sold  for  £1,029.595  (Sl-6  mil- 
lion)  at  a Christie's  auction 
Tuesday. 

The  highest  prices  in  the 
Gould  sale  were  paid  for  the 
larger  birds,  the  most  striking  in 
appearance,  especially  the 
predators.  A snowy  owl  water- 
color  sold  for  £34.500,  a caper- 
caillie for  £16,100,  and  a pere- 
grine falcon  for  £11,500.  All 
three  were  painted  by  Joseph 
Wolf,  a German  who  Is  judged 
by  critics  to  be  the  best  of 
Gould's  three  artists. 


the  best  lawyers  in  the  country 
and,  after  stealing  millions  of 
dollars,  they  plea-bargain  their 
way  to  a cruise  on  the  Love 
Boat,"  Stephanie  explained. 

□ 

“What  vou're  saying  is  that  if 
someone  had  a choice,  it  would 
be  smarter  to  commit  a crime 
that  involves  enough  money  to 
hire  F.  Lee  Bailey  than  a public 
defender." 

uDo  you  know  how  many 
people  went  tojaO  for  emptying 
out  the  safes  of  the  S&Ls  in 
America?” 

“Four?”  I guessed. 

“Only  two  and  a half  execu- 
tives did  any  time,  and  that  was 
because  they  refused  to  tell 
where  the  money  was  hidden. 
There's  no  crime  bill  in  the 
world  that  can  stop  the  rich 
stealing  from  the  poor." 

“Didn't  the  Republicans  pro- 
pose that  if  you  got  caught  sell- 
ing phony  government  bonds  to 
the  public  three  times  in  a row, 
you  would  get  life  imprison- 
ment?" 

“Yes,  but  the  white-collar- 
crime  lobbyists  defeated  it.  No- 
body knows  how  much  money 
from  widows'  and  orphans'  sav- 
ings goes  each  year  to  help  poli- 
ticians get  elected.  If  you  look 
at  the  S&L  scandals,  you'll  see 
their  officers  were  the  biggest 
supporters  of  the  elected  offi- 
cials.'’ replied  Stephanie. 

□ 

“How  about  more  police  to 
patrol  the  buildings  where 
white-collar  crimes  are  commit- 
ted? Maybe  that  would  stop 
them."  I suggested. 

“It  wouldn’t  be  enough  to 
discourage  the  hard-core  em- 
bezzlers. They’d  wind  up  brib- 
ing the  police  with  phony  real 
estate  deals."  she  said. 

“We  have  to  make  our  sen- 
tences a lot  stiffen  If  someone 
who  stole  $100  million  is  going 
to  be  sentenced  by  a judge  to 
300  hours  of  community  ser- 
vice, it  ought  to  be  a maximum- 
security  place  like  Disneyland." 


INTERNATIONAL  HERALD  TRIBUNE,  THURSDAY,  OCTOBER  6, 1994 


Detail  from  Philip  Morris  ad  for  Brooklyn  Academy  of  Music’s  Next  Ware  Festival 

In  New  York,  Art  and  Anti-S 


By  Paul  Goldberger 

New  York  Tunes  Service 

NEW  YORK  — To  people  in  the 
arts,  two  of  the  best  words  in  the 
English  language  for  more  than  a 
generation  have  been  Philip  Morris 
— and  never  mind  if  the  money 
comes  from  tobacco. 

The  $61-bQlion-a-year  maker  of 
cigarettes,  food  and  beer  has  been 
one  of  the  biggest  American  support- 
ers of  culture  since  1958,  and  unlike 
many  companies.  Philip  Morris  has 
generally  given  lots  of  money  and 
asked  nothing  in  return. 

Until  now.  Late  last  month,  writh- 
ing in  dismay  over  strong  anti-smok- 
ing legislation  pending  before  the 
New  York  City  Council,  Philip  Mor- 
ris executives  telephoned  arts  institu- 
tions that  had  benefited  from  their 
largesse  and  asked  them  to  put  in  a 
1 word  to  Peter  Vallone.  the  City 
leal  speaker. 

The  requests  were  only  a small 
part  of  a much  larger  lobbying  cam- 
paign Philip  Morris  has  mounted 
against  the  bill,  which  at  one  point 
led  to  threats,  later  retracted,  to  move 
its  headquarters  out  of  New  York 
City. 

If  Philip  Morris  were  to  move,  a 
great  deaf  of  its  arts  support  would 
move  with  it.  The  requests  to  voice 
support  for  the  company  — which 


this  season  alone  is  sponsoring  the 
“Origins  of  Impressionism”  exhibi- 
tion at  the  Metropolitan  Museum, 
the  Next  Wave  Festival  at  the  Brook- 
lyn Academy  of  Music  and  an  exhibi- 
tion railed  “Talking  Pictures"  aL  the 
International  Center  of  Photography 
— put  arts  groups,  which  generally 
try  to  stay  away  from  politics,  into  a 
difficult  position. 

“This  has  put  all  of  my  clients  into 
a lailspin."  a consultant  to  several 
arts  organizations  said  last  week. 
“They  have  been  so  shocked  that 
they  didn't  know  how  to  react.” 

The  arts  groups  say  they  were  not 
asked  to  lobby  directly  against  the 
bill,  which  would  ban  smoking  in 
nearly  all  restaurants  and  public 
places,  but  only  to  let  the  City  Coun- 
cil know  how  important  Philip  Mor- 
ris money  was  to  the  cultural  life  of 
the  city.’ 

“But  the  message  was  clear."  said 
an  official  of  one  of  the  groups  un- 
derwritten by  Philip  Morns.  “We 
were  telling  the  City  Council  that  it 
was  in  the  best  interests  of  the  arts  in 
New  York  City  that  Philip  Morris 
money  stay  in’ New  York  City." 

The  company,  for  its  part,  main- 
tains that  it  did  not  intend  to  drag 
arts  groups  into  the  political  mael- 
strom, but  only  to  contend,  as  Philip 
Morris  has  done  repeatedly,  that 


smoking  restrictions  might  affect 
tourism  and  hence  the  revenue  of 
cultural  institutions. 

Many  of  the  groups  sent  messages 
to  the  Gty  Council  in  which  they 
explained  that  they  were  taking  no 
position  on  the  anti-smoking  bill  as 
such,  but  wished  to  go  on  record  “as 
telling  the  City  Council  how  much 
Philip  Morris  does  for  the  city,”  in 
the  words  of  one  museum  official 
who  said  he  agreed  to  make  a tele- 
phone call  Lo  Vallone's  office. 

“That  much  I was  willing  to  do, 
since  there  is  no  question  that  we 
would  take  a terrible  hit  if  Philip 
Morris  were  to  leave  the  city." 


That  official,  like  most  people  who 
d requests  from  Philip  Morris, 
speak  only  on  condition  of 


received; 
would 

anonymity.  So  powerful  is  the  com- 
pany in  the  cultural  world  that  no 
official  or  board  member  of  any  or- 
ganization supported  by  the  compa- 
ny would  speak  for  attribution  when 
asked  about  the  lobbying  efforts  on 
the  anti-smoking  legislation,  or  even 
allow  the  name  of  his  or  her  organi- 
zation to  be  used. 

“Arts  organizations  don’t  have  the 
luxury  of  turning  down  money  from 
any  source,”  said  Randall  Bour- 
schddt,  executive  director  of  the  Al- 
liance for  the  Arts,  an  umbrella  orga- 
nization that  assists  many  New  York 


institutions.  Some  of  the  alliance's 
projects  have  been  underwritten,  in 
part,  by  Philip  Morris. 

“There  has  been  such  sdibtis  re- 
ductions of  both  public  and  private 
funding  that  generosity  as  large  and 
as  widespread  as  Philip  Morris’s  has 
a major  impact  on  New  York  and  the 
country,”  Bourscheidt  said. 

Arts  organizations  have  struggled 
for  yean  with  the  question  Of  accept- 
ing what  are,  in  meet,  tobacco  prof- 
its to  support  the  arts.  But  no  one  has 
rejected  Philip  Moms  money,  or 
called  it  tainted.  T don’t  smoke  and  I 
hate  people  smoking,  bat  Philip 
Morris  is  a great  supporter,"  said  the 
spokeswoman  for  a New  York  dance 
company,  who  calls  Philip  Morris 
“our  largest  corporate  supporter." 

“I  say  thank  God  for  sinners: 
they’re  the  only  people  to  support  the 
arts.”  she  concluded. 

Her  remark  underscores  the  clear- 
est benefit  Philip  Morris  gets  from  its 
arts  philanthropy:  a positive  image 
among  people  who  would  normally 
have  few  land  things  to  say  about  a 
cigarette,  food  and  beer  maker. 

The  request  that  arts  groups  join, 
however  subtly,  in  Philip  Morris’s 
lobbying  effort  against  the  City 
Council  bill  seems  to  have  done  little 
to  diminish  the  chances  of  the  bill’s 
passage. 


Otford  Dhwa  to  Bear 
NotedEn vironmentalist 

Kenmt  the  Frog,  fallowing  in 
the  footsteps  of  Motor  Teresa 
add  Ronald  Reagan,  #1  -J 
dress  Oxford  Univcra  , 
famed  Oxford  Union  debati 

society  Ogl  -27.  ;He  win 

about  life,  love  and  ifiemviroa- 
ment,  but  oot  about  Miss  . 

the  Mnopet  character  m 
wbo  constantly,  v 

“HisnfehaAbccn  the  university 
of  life  and  he  wants  to  talk  t1..  a* 
about rk^f; Adrienne  Garner,  *r  \V 
for  Jim  Henson 
says.  “He  is  the 
_j,  having  lived  in  a . I 

is  dose  to  environ- 

mental  concerns.”  As  for  Miss  :l ' 
■!%gy,  “Anything  between  them L 
ism  her  mind  and  not  his.” 

□ 

Deng  Lin,  the  52- 
daughter  of  Deng  . „ 

China’s  paramount  leader, 
opened  an  exhibition  of  her 
paintings  in  Paris  utithe  pres- 
ence of  Jacques  Toaboa, 

France’s  culture  minister,  and 
Pierre  Cardin,  the : designer, 
who  sponsored'  the  event.  Most 
of  the  works  in  the  show 
early,  traditional  ones, 
some  from  - recent  years 
forcefully  abstract. 

□ ■ 

Tom  Leppard,  a retired  Brit- 
ish soldier  and  the  world’s  most 
tattooed  person,  with  99.2  per- 
cent of  his  body  covered  in  'a 
leopard-skin  motif,  helped 
launch  the  1995  edition  of  the 
Guinness  Book  of  Records  in. 

London.  He  shares  space  in  the 
new  book  with  Mata  Jagdasaj 
an  Indian  with  the  longest  hair 
in  the  world,  and  Susan  Wt 
Bams,  a Californian  who  blew  * 
record  bubble-gum  bubble. 

□ 

Bernadine  Morris,  former'' 
chief  fashion  reporter  of  The 
New  York  Times,  was  awarded 
the  gold  medal  of  Milan,  the; 
city’s  highest  honor,  for  services  - 
to  fashion.  Anne-Marie  Sdaro? 
accepted  it  on  her  behalf  from 
the  city’s  mayor,  Marco  For-> 
mentinL 


it 

are 


WEATHER 


WEEKEND  DESTINATIONS 


Europe 


Forecast  tor  Friday  through  Sunday,  as  provided  by  Accu-Weather. 


Tansy 

Hh,h 

Low 

W 

High 

Low  W 

Cflr 

OF 

OF 

OF 

21/71] 

17/02 

| 

34/75 

18/81  c 

flnaraidwn 

12/53 

9/40 

Ah 

14/57 

1162  pc 

Antoni 

28/02 

13/55 

20/82 

1162  pc 

Ajtwra 

26/79 

17/B2 

5 

24/75 

10A1  1 

0orrt*cna 

2J/75 

12/03 

a 

23/73 

1560  pc 

12/53 

8/43 

«h 

16/91 

400  i 

Bwtoi 

9/40 

307 

<2/53 

7*44  pc 

Bnivnto 

13/55 

6/43 

10191 

1060  pc 

8/48 

205 

c 

13/55 

6/43  pc 

Copcrtwgsn 

9/48 

e/43 

sh 

1305 

7/44  pc 

Costa  D»1Sol 

24/75 

1864 

1 

24/75 

1762  I 

DtiKw 

1467 

7/44 

c 

1467 

8/43  pc 

Edtaiaagh 

13/55 

10/50  «h 

1467 

9/48  e 

flowrc® 

10(84 

4/39 

I 

1004 

0/4O  e 

IM/M 

10/50 

3/37 

1365 

9/48  pe 

QsniNii 

14/57 

4R9 

m 

17/02 

Hrtontd 

8/48 

7/44 

pc 

1162 

8/43  pc 

laser  te* 

24/75 

17/62 

24/75 

1569  pc 

Uu  Pakiws 

28/79 

18104 

s 

24/75 

1066  S 

Uabon 

20«8 

17/92 

BUI 

1569  c 

London 

14(57 

7/44 

c 

1702 

1060  pe 

MoAU 

23/71 

0148  pc 

24/75 

Mkn 

16(81 

5/41 

18/04 

1060  pe 

Mono™ 

1060 

205 

1102 

DM3  pc 

Munch 

0/48 

0/32 

11/52 

5/41  pc 

f*c«, 

23/71 

7/44 

urn 

1263  pc 

Oak) 

8/46 

6/43 

1365 

405  C 

Patna 

22/71 

14/57 

23/73 

1661  pc 

Potto 

10/01 

7/44 

1702 

1162  1 

Praguo 

8/48 

002 

1102 

0/43  PC 

RayMBv* 

8/48 

5/41 

6/43 

205  c 

Baiw 

21/70 

307 

22/71 

a MB  pc 

SI  WwatMfi 

I 8/48 

8/43 

pc 

1263 

8/43  pc 

Stockhorti 

7/44 

7/44 

EH 

1162 

8/43  pc 

SUKfraag 

12/53 

307 

1467 

7/44  pc 

Tntom 

8/48 

7/44 

1162 

0/43  pe 

Vmaco 

14/57 

6(43 

1804 

1060  c 

Vtomo 

8/48 

205 

c 

1162 

7/44  pc 

Vis naw 

8/46 

OOJ 

1263 

8/43  pc 

Oatc* 

12/53 

3/37 

s 

1366 

7/44  'pe 

Oceania 

AiEktind 

18.64 

12/53 

sh 

18/84 

11(52  r 

Sy*«Y 

21/70 

11/53 

sh 

1908 

10/50  ah 

Jetttroun 

North  America 
Pittsburgh  and  New  York 
City  through  Boston  will  He 
dry  and  milder  Friday  into 
Saturday.  Showers  and 
maybe  a thunderstorm  will 
arrive  Sunday.  A strong 
Storm  In  the  northern  Plains 
wHI  trigger  heavy  rains  tram 
Memphis  to  Chicago.  Snow 
and  a chilly  rain  will  (all 
across  the  Dakotas  Friday. 


Europe 

London  through  Paris  and 
Frankfurt  will  have  sunny, 
pleasant  weather  later  this 
week.  Showers  over  Spain 
and  Portugal  Fnday  wt«  give 
way  to  dry,  milder  weather 
this  weekend.  High  winds 
and  heavy  rains  will  blast 
central  and  northern  Scandh 
navia.  Southeastern  Europe 
wHI  have  a soaking  rain. 


Middle  East 


Latin  America 


Today  To 

Mgh  Low  W Htgh  Lour  W 

OF  OP  CIF  CIF 

29/M  22/71  • am*  Z2/7T  I 
20 OK  Sim  po  31/98  HUM  ■ 
3MD  16/50  f 29/M  15/58  a 

30/02  IBM  ■ 29/02  IBM  ( 

37/99  21/7D  C 30/100  T7/B2  a 

30/100  23/73  a 30/10029/73  1 


Bata* 

Cairo 


Janoatom 

I uwe 

Riyadh 


Today  To 

Htgb  Low  W Mgh  Low  W 
OF  QF  OF  OF 

SkMfm/Waa  21/70  9/49  pc  19/08  9/49  pc 

Caracas  32/99  20/70  pc  32/00  20/79  pc 

Una  20/00  1BA1  c 19430  16/01  C 

MedooCay  22/71  11/53  I 24/76  11/52  pc 

RtodeJtnoto  34/75  ifl«8  pc  24/70  IBM  pc 

Sartiaga  34/70  11/53  pc  29/79  12/03  pc 


Hwray 
pytpj  snow 

Asia 

Beijing  through  Seoul  will 
hove  a sped  ot  dry,  pleasant 
weather  late  this  week. 
Tokyo  and  Nagasaki  wilt 
also  have  sunny,  oieasant 
weather.  Typhoon  Seth  will 
be  passing  by  to  the  north  of 
the  Philippines  this  week- 
end, threatening  either  Tai- 
wan or  Okinawa.  Mania  w* 
be  mostly  aurmy  and  warm. 


Asia 

Tomorrow 

High 

Low 

W 

High 

Low  W 

OF 

OF 

CIF 

OF 

Bragin* 

31/09 

23/73 

3168 

24/75  pc 

B«4ng 

25/77 

a/48 

9 

24/75 

9/48  S 

HonoKran 

29/84 

24/75 

2964 

24/70  i 

Mania 

3260 

24/75 

PC  3269 

25/77  pc 

NenDflH 

3463 

22/71 

3463 

2068  pc 

Seed 

22/71 

1060 

1 

21/70 

8/46  pc 

Shanghai 

24/75 

1467 

% 

23-73 

1467  pc 

Sngaporo 

3269 

25/77 

pc  3168 

24/75  1 

Traps 

29/79 

21/70 

Sh  2760 

21/70  nh 

Tokyo 

25/77 

17(92 

S 

24/75 

1661  pc 

Africa 

- 

' ^ _ 

— 

Mgton 

23/73 

17/8? 

PC  23/73 

1762  pc 

Capa  Tom 

25/77 

1365 

B 

24/70 

1365  pc 

Cn»d*anca 

21/70 

17*2 

sh 

28*70 

14/57  pc 

Knara 

1968 

9/40 

1 

23/73 

9/48  S 

Lagoi 

2S64 

23/73 

sh 

20/M 

24/70  c 

Hanbt 

21/70 

1162 

pc  24/75 

1263  ah 

T irate 

24/75 

1263 

pc  21/TO 

13/55  pe 

North  America 


Anchraage 

AlSento 

Bouton 

Chicago 

Dmw 

Dank 

HonoMu 

Houston 

U»Ang#M 


NewYoiV 
Phowtir 
San  Ran. 


Logond:  sHtunny.  Dc-praay  dourfy.  c-doudy.  rft-showara.  Mhunderstarms,  r-rah.  m-snow  tarries, 
sn-anow,  He*.  W-Wwmw.  <UI  wrap*.  tonacan  and  data  pronridcd  by  Accu-WeaOwr.  Inc.  <5 1994 


VM/nggn 


0M3 

25/77 

14/57 

23/73 

12/03 

20/B8 

29/04 

33/91 

25/77 

31/99 

19*8 

12/53 

29/B4 

16/51 

30/96 

20*58 

20/68 

10/BI 

«7«? 


-307 

US7 

4/38 

14S7 

1/34 

11/52 

23/73 

19/G8 

17/02 

23/73 

13/55 

203 

13173 

7/44 

10/M 

12/53 

8/48 

3/37 

BMS 


l 3/37 
a 24/75 
po  18*1 
pc  2303 
pc  1407 
S 22/71 
pc  30/99 
pc  28/B2 
pc  27/00 
pe  23  <M 
1 10/61 
c 13/56 
pc  30/06 

I 20*8 

■ 31/00 

■ 23/73 


-5*4  pc 
14IS7  pc 
7/44  1 
13/5(5  e 
2/35  pc 
9(48  pc 
23/73  pc 
17(63  pc 
14/57  pe 
23/73  pc 
9/48  ah 
3/37  pc 
24/75  pc 
10/50  a 
IBM  S 
11/53  s 
9/48  pc 
1/34  l 
10/90  s 


SATURDAY 


ir\ 


SUNDAY 


Ml  forecast*  andoata  vmUM 
by  Accu-Weather,  mt»  tew 


Europe  and  Middle  East 


Europe  and  Middle  East 


Location 

Woathor 

High 

LOW 

Water 

Wave 

Wind 

Location 

Weather 

High 

Low 

Water 

Warn 

w 

Tama. 

Tama. 

Tama. 

Heights 

Spaed 

Temp. 

Tamp. 

Temp. 

Heights 

Sp 

CfF 

C/F 

C/F 

(HOMO) 

Oq*) 

C/F 

C/F 

C/F 

(Matrao) 

, JK 

Cannes 

clouds  and  Bun 

22/71 

9/48 

20*8 

0-1 

NW 

12-22 

Cannes 

sunny 

23/73 

19/68 

20*8 

0-1 

n' 

DeauriJe 

sunny 

15/53 

8/46 

13/39 

1-2 

W 

15-30 

DsauvjOe 

clouds  and  sun 

17/82 

T1/5B 

15/58 

0-1 

SE  . 

Rlmlm 

showers 

18*4 

12*3 

23/73 

1-2 

SW 

15-30 

Rmira 

ckmds  and  *(M 

20*8 

11/52 

23/73 

0-1 

SW 

Malaga 

showers 

22/71 

20188  ' 

- 0-1 

SE 

10-20 

- Malaga  ■■  - ■ 

cloudy 

23/73 

17*2 

20*8 

0-1 

SW 

Cagian 

showers 

2303 

11*2 

24/75 

1-2 

SW 

20-35 

Cagflart 

ctatass  andean 

22/71 

10*0 

23/73 

0-1 

Faro 

showers 

21/70 

15*9 

2068 

0-1 

W 

15-25 

Faro 

ahtS&n 

22/71 

14*7 

19*6 

1-2 

w 

Piraeus 

thmderstonns 

2S/77 

17*2 

23/73 

0-1 

SW 

10-20 

Piraeus 

raki 

24/75 

16*1 

23/73 

0-1 

s , 

Corfu 

thunderstorms 

24/75 

18*1 

24/75 

1-2 

s 

20-40 

Corfu 

Showare 

23/73 

13155 

23/73 

1-2 

SW. 

Bngmon 

partly  sunny 

17*2 

8/46 

15*9 

0-1 

SE 

15-25 

Brighton 

clouds  and  sun 

18*4 

8/48 

15/50 

0-1 

s 

Oaend 

c/oudsandsun 

14*7 

8/46 

14/57 

0-1 

NE 

12-22 

Osrartd 

sunny 

16*1 

11/52 

14/57 

0-1 

SE 

Schevenlngen 

clouds  and  sun 

13*6 

8/46 

14*7 

0-1 

NE 

12-22 

Schaverangan 

sunny 

16*1 

10*0 

14*7 

0-1 

SE 

Sytr 

clouds  and  sun 

13*5 

7/44 

14*7 

0-1 

N 

12-25 

sy« 

sunny 

15*9 

P/4fl 

13*5 

0-1 

E 

Izmir 

sunny 

32*9 

20*8 

24/75 

0-1 

SE 

15-30 

Izmir 

doucaondsun 

32*8 

21/70 

24/75 

1-2 

S 

Tel  Aviv 

sunny 

33*1 

23/73 

27*0 

0-1 

SE 

1525 

Tel  Aviv 

sunny 

33/91 

24/75 

27*0 

o-T  :• 

S 

Caribbean  and  West  Attantic 


Caribbean  end  West  AUantfc 


IMS, 


12-45 
20-40  ■ 
1520  !i 


4 •"  I 


Barbados 

Kingston 

SL  Thomas 

Ham  Aon 

thunderatonns 
partly  sunny 
growers 
showers 

28*4 

33*1 

32*9 

29*4 

23/73 

23/73 

24/75 

21/70 

28*2 

28/82 

29*4 

25/77 

1-2 

1-2 

1-2 

0-1 

SE 

ESE 

SE 

SE 

2040 

20-40 

25-50 

12-25 

Barbados 

Kingston 

SLThamas 

Kamtton 

showers 
thunderstorms 
showers 
clouds  and  am 

30*8 

32*9 

30*6 

30*8 

23/73 

23/73 

23/73 

22/71 

28*4 

28*2 

28*2 

25/77 

.1-2 

2-3 

1-3 

0-1 

SE 

ESE 

NE 

W 

2Wfc.i 
3080. J 
30® ‘1 

IMS.! 

Asia/Padfic 

Asta/Padfk: 

Penang 

tfiunderstonns 

31*8 

24/75 

29*2 

0-1 

SW 

10-20 

Penang 

thunderstorms 

31*8 

24775 

28*2 

0-1  ■ 

sw 

12-25 

Riukei 

tnindersionns 

31/BB 

23/73 

29*4 

0-1 

SW 

15-25 

Phuket 

showers 

31*8 

24/76 

28*2 

0-1 

SW 

IMB 

Bafi 

partly  sunny 

32/89 

23/73 

28*2 

0-1 

SW 

12-25 

Ball 

parity  sunny 

33*1 

23/73 

28*2 

0-1 

sw 

15-30 

Cebu 

partly  sumy 

32*8 

24/75 

28*2 

0-1 

SE 

15-25 

Cebu 

douds  and  sun 

32/88 

24/75 

28*2 

0-1 

SE 

15-25 

Palm  Beach.  Aus 

clouds  and  sun 

19*6 

10*0 

18*4 

1-2 

W 

20-40 

Palm  Beach,  Aus. 

sunny 

22/71 

12*3 

18*4 

0-1 

NW 

12-a 

Bay  at  Islands.  NZ 

ram 

18/64 

14*7 

16*1 

1-2 

NW 

25*0 

Bay  ol  Islands,  NZ 

showers 

12*3 

12*3 

15/59 

12 

WNW 

3080 

Shirahama 

sunny 

25/77 

18*4 

25/77 

0-1 

N 

10-20 

Sh  Bahama 

douds  and  sun 

24/75 

17/62 

24/76 

12 

NE 

2M0 

Honolulu 

clouds  and  sun 

29*4 

23/73 

27*0 

1-2 

ENE 

20-40 

Honolulu 

clouds  end  sun 

30*6 

23/73 

27*0 

12  . 

. ENE 

20-35'. 

:M  in  \i 


Your  stomach  s growling 


: • • • 
•- 


«,'T$7 

••  • , 


Mother  Nature’s  calling.  / 


■-VS-  '"$7 


. 


Your  flight  s boarding. 

:<■  , - “''*•'**  •' 

. . • * 
-C^vv  ^ 

....'.**  s' 

Plenty  ot  time  to  make'  say./ 


■ * 


ASIA  /PACIFIC 
AUSTRALIA 1898-881-011 


CHINA,  PRC*** 
HONGKONG 
INDIA*  . 
INDONESIA* 
MBIT.. 
UREA  . . .. 
MACAO 
MALAYSIA" 


. .10811 
800-1111 
008-117 
001-801-10 
. 0039-111 
. . .008-11 
. 0800-MI 
- 809-0011 


NEWTStLAH) 000-011 

PHILIPPINES* IBS-11 

RUSSIA’inUSCOW).  ..155-5042 

SAIPAN  r_ 235-2872 

SINGAPORE  . . BOO-QMMII 

5BILWA  . . . 43M30 

TAIWAN" 0080-10288-0  _ 

THAILAND* 0Q13  991-T111  ‘ 

EUROPE 

ARMENIA*!  . . .8014111 


AUSTRIAttt.  , 022-903-011 

BELGAIM’ .0-800-180-10 

BULGARIA. ^...OO-IBOMOIO 

CROATIA’* 9938-mi 

CZECH  REPUBLIC  .00-429-00101 

DENMARK* 8001-0010 

FINLAND*  . . 9800-100-10 
FRANCE.  190-0011 

GERMANY..  ..  . 0130-0010 

GREECE* 00-800-1311 


HUNGARY*. 

ICELAND*. 


006-880-01111 

999-001 


IRELAND 1-800-558-000 

ITALY" 172-1011 

UECHTEWTBN* 155-M-11 

LITHUANIA* 00195 

LUXE UBO JUG.  . . . U-80Q-OT11 
MALTA  . 0800-890-110 

MONACO*,.  . . .190-0011 

NETHERLANDS’  M-022-9111 


NORWAY 

POLANDt*!. 

PORTUGAL* 

ROMANIA 

SLOVAK  REP. 

SPAIN*. 

SWEDEN* 

SWITZERLAND' 

UKRAINE!, 

UX 


, eae*  **4*-  _ 


:}r  ; ’ 


1 


I..;  ■ 


* . ^ 
£ r ..-^t  :...j 

r • . * 


809-190-11 

00010-480-0111 
(B817-1-288 
.01-800-4288 
80-420-00101 
9M -99-00-11 

020-795-611 

15M0-11 

B>tqo-n 

..  0500-89-0811 


MIDDLE  EAST 

BAHRAIN £03-031 

CYPRUS* OSHMOtO 

EGYPT*  (CAIRO]1  . 518-02W 
ISRAEL  177-100-2727 

KUWAIT W0-J85 

LEBANON  (BBRUT]1  .428-801 
5AU0I  ARABIA.  ..  1-800-10 

TURKEY*  . 00-800-12277 
'J  AflABEMKAlES*  800-171 


AMERICAS 

PANAMA.. 

- . .109 

ARGENTINA* . . . 

.001-800-200-1111 

PERU’. 

• .191 

BOLIVIA'*  . 

0-800-1112 

VENEZUBAY ... 

...  - S0-B11-12D 

BRAZIL  . 

. mm -am  a 

AFRICA 

CANADA  . 

. 1-600-5/5-2222 

GABON*  . . ., 

BQ0-001 

CHILE* 

80 0-0312 

GAMBIA-  . 

08111 

COLUMBIA 

980-11-0010 

IVORY  COAST* 

..  90-111-11 

H.  SALVADOR*. 

190 

KfNYAt 

. ...  0800-10 

HONDURAS^. . 

123 

LIBERIA  ... 

. 787-797 

MEHCGM--'.  . 

$-aOO-4&-4240 

SOUTH  AFRICA 

Q-BfflJ-99-0123 

With  AT&T  USADirect*  and 
World  Connect ® Service,  you  can  make 
multiple  calls  without  redialing, 
your  card  or  access  number.  ' . 

Y*  ^ 

You’re  in  a liuny.  So  we’U  be  brief.  ARST  USADirect  and1: 
Worid  Conned  Service  gets  you  fast,  clear  connections 
back  to  the  United  Stales  or  to  any  of  over  100  other 
countries.  Also,  an  easier  way  to  make  multiple  calk1 
Up  io  10  in  a row.  Just  dial  the  AT&T  Access  Number.'';- 

V 

below  for  the  country  you're  calling  from.  Y’our 


will  go  through  in  seconds.  Then,  instead  of  hair 
up  after  each  call,  busy  signal  or  unanswered  calk  . 
simply  press  the  #button.  In  short  you’ll  spend  tejf  :•  ' 

' / K 

time  dialing.  And  more  time  talking.  Wait  On  secoot  'V 
thought,  isn't  your  flight  about  ready  to  takt^  ‘ 

TrutfPor lit  Connections  ■ 


ART 

TuB3J)iw»aBrtLinHramfl!illl,|  BmminifceCL  /AlracuawrKnte  Jiwiiulli^ltwanaairigntiw  . : t* 

bv.  /run.  mu  nr  fau.  ttant  i »U>  ,W  k frrm  [ri.^ 1 ftoB  d*  parnn.i  ifm^j,  li.,-  .-*!  4N.4  naiaa-  f„„,  r,^fi,..«L  raw  y wW,  -w  ati  ?.«m»  «»l  ffw  Vwmi  tori  hr  dU  tea  »moifriHB8m  AwuaM.  wtaftafe  41Hd  4' 

flrai  iqrai  auni]rv*v  - -QTlTWutiil  towed*  State  tjvUiktingcJboAly  ■ dbnp  me  yti  suili&k  CW1 


•f